Labor market sentiment is still declining:
The index tracking Americans' expectations for unemployment over the next 12 months fell to 58 points in July, the third-lowest since 2008.
This level of pessimism also aligns with readings seen during the 2001 and 1990 recessions.
Additionally, household expectations for income growth over the next year remain near record lows.
Income expectations now match the sharp declines experienced in 2020 and 2008.
This is despite overall Consumer Sentiment improving for the 2nd-straight month.
Americans are worried about their financial future.
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The index tracking Americans' expectations for unemployment over the next 12 months fell to 58 points in July, the third-lowest since 2008.
This level of pessimism also aligns with readings seen during the 2001 and 1990 recessions.
Additionally, household expectations for income growth over the next year remain near record lows.
Income expectations now match the sharp declines experienced in 2020 and 2008.
This is despite overall Consumer Sentiment improving for the 2nd-straight month.
Americans are worried about their financial future.
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JUST IN - Pentagon confirms the withdrawal of 700 Marines deployed in response to anti-ICE protests in Los Angeles.
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HUNTER BIDEN: "We lost the last election because we did not remain loyal to the leader of the party. We had the advantage of an incredibly successful administration!"
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JUST IN: Trump releases 230,000 pages worth of documents on Martin Luther King Jr.'s assassination
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