Fears over the state of the labor market hurt consumer confidence in February, according to the Conference Board Consumer Confidence Index.

I think this is a combination of inflation and employers wanting people to return to the office. I am excited for people to return to the office as it means I can earn a lot more money.

  • TORFdot0@lemmy.world
    32·
    9 months ago

    I’m no economist but I’d put this as consumer confidence falling after all the post holiday layoffs in tech finally went through. A very slight downward trend in confidence compared to the very slight optimism of the last 3 months. The unemployment rate and inflation rates have held steady so i think numbers will bounce back next month as it doesn’t seem to be based on actual market conditions.

    • Neuromancer@lemm.eeOPM
      211·
      9 months ago

      The unemployment rate and inflation rates have held steady so i think numbers will bounce back next month as it doesn’t seem to be based on actual market conditions

      I don’t think they will. Companies are going gang busters with layoffs. The real question is why when sales, etc seem fine. I think it’s to push people back to the office but I could be wrong.