TechFlow, May 28 — According to The Kobeissi Letter, American consumers' confidence in the labor market has dropped to the second-lowest level since 2021. The gap between the percentage of Americans who believe jobs are plentiful and those who think employment is hard to find has declined to 13.2%, falling for the fifth consecutive month. Analysts note that in previous economic cycles, this indicator has served as a leading predictor of unemployment rates, signaling that the U.S. jobless rate may rise further in the coming months.
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