- Within Conf. Board consumer confidence index missing in August (106.1 vs cons 116.0 after downward revised 114.0), the labor market differential also fell notably after an equally eye-catching downward revision to July.
- The moves see the differential drop to 26.2 from 32.4 (initially 37.2), meaning that what was initially the highest since Feb as of July is now the lowest since Apr’21 with the August data.
- The change is two-sided, coming from reductions for “jobs plentiful” (40.3%, -3.4pts) and higher “jobs hard to get” (14.1%, +2.8pts), both the lowest/highest since Apr’21. Last month's original vintage for July data had shown jobs being hard to get as the lowest share since Mar 2022 for one of its lowest on record.
US DATA: Sharp Move Lower & Downward Revision For In Labor Market Differential
Last updated at:Aug-29 14:24By: Chris Harrison
- Within Conf. Board consumer confidence index missing in August (106.1 vs cons 116.0 after downward revised 114.0), the labor market differential also fell notably after an equally eye-catching downward revision to July.
- The moves see the differential drop to 26.2 from 32.4 (initially 37.2), meaning that what was initially the highest since Feb as of July is now the lowest since Apr’21 with the August data.
- The change is two-sided, coming from reductions for “jobs plentiful” (40.3%, -3.4pts) and higher “jobs hard to get” (14.1%, +2.8pts), both the lowest/highest since Apr’21. Last month's original vintage for July data had shown jobs being hard to get as the lowest share since Mar 2022 for one of its lowest on record.
