Consumer Confidence Edges Up as US Job Openings Drop
US consumer confidence rose slightly in March though job openings fell to 6.88 million. Hiring reached a six-year low as inflation expectations hit 5.2 percent.
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Economic indicators in the United States presented a complex picture this Tuesday as consumer confidence saw an unexpected marginal increase while the labor market experienced a significant cooling. According to the Conference Board, the consumer confidence index rose to 91.8 in March, surpassing economist expectations of 88.0. However, this optimism was tempered by a sharp drop in job openings and hiring, which fell to levels not seen since the early stages of the pandemic.
