US Consumer Confidence Flashes A Warning On Unemployment

The June consumer confidence report points to potential increases in unemployment, diverging from the steadier, more positive job openings data from the JOLTS report.

Key Takeaways

• 1.The June consumer confidence survey suggests that unemployment may rise further, contradicting the stable JOLTS report.
• 2.The Conference Board labor market differential reached a new cycle low of 2.4% in June, a strong historical indicator of rising unemployment.
• 3.JOLTS job openings remained at 4.6% in May, holding onto a prior month's spike, contrary to sentiment surveys.

Table of Contents

• Consumer confidence
• JOLTS
• Job openings rate
• Job openings rate, professional and business services
• Weekly LinkUp average US job openings, top 10k global employers
• Daily Indeed job postings
• Layoff and discharges rate
• Hires rate
• Quits rate
• Other Disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial