US Consumers See Worse Job Market, Muted Inflation in Fed Survey
Recruiters and job seekers speak during a job fair in Chicago.
Photographer: Jamie Kelter Davis/BloombergAmericans’ perceptions of the job market worsened in October while their expectations for inflation edged lower, according to a monthly survey from the Federal Reserve Bank of New York.
Unemployment expectations rose for a third straight month as consumers assigned an average 43% probability — the highest since April — to the likelihood the US unemployment rate will be higher one year from now, survey results published Friday showed.