Read previewIt's official: The labor market vibes are not great.
It's the largest tumble in sentiment since August 2021 — and workers' experiences with and expectations for the labor market are partially to blame.
A weaker jobs market — although one that's still historically strong — is warping Americans' beliefs about the economy.
Even so, though, it'll take a little while for new monetary policy to trickle into daily life and the labor market.
Are you having trouble finding a job, or is the job market making you feel bad?
Persons:
—, It's, Jerome Powell, Wells, Shannon Seery Grein, Jeremiah Kohl, Dana M, Peterson, it'll, Julia Pollak
Organizations:
Service, Conference, Business, Federal Reserve, Conference Board, Conference Board's, New York Federal Reserve's Survey, Consumer, Survey, Labor