The Federal Reserve: Surveyed American consumers' confidence in finding a job has decreased.

date
09/09/2025
According to the consumer expectations survey conducted by the Federal Reserve Bank of New York, "The percentage of respondents who believe they can find a job after being unemployed has dropped significantly by 5.8 percentage points to 44.9%, the lowest since this indicator has been tracked since June 2013." "Compared to a year ago, respondents' perception of their current financial situation has deteriorated, with more households reporting a worsening financial situation and a decrease in the proportion of households reporting an improvement." For the next year, consumers expect gasoline prices to rise by 3.92%; food prices to rise by 5.53%; medical costs to rise by 8.81%; college education costs to rise by 7.81%; and housing rent to rise by 5.99%. The proportion of consumers who expect to be unable to pay the minimum amount of debt repayment in the next three months is 13.1%, higher than the previous month's 12.3%.