Americans continue to say they're alarmed about job prospects. That's what consumer confidence is truly about, not consumer spending. Workers see and understand labor market shifts before they show up in the major data sources. The latest income data show there is every reason to believe what consumers are seeing.

Eurodollar University's Money & Macro Analysis

Conference Board September 2024
https://www.conference-board.org/topics/consumer-confidence/press/CCI-Sep-2024

FRBNY Consumer Confidence: A Useful Indicator of . . . the Labor Market?
https://libertystreeteconomics.newyorkfed.org/2013/09/consumer-confidence-a-useful-indicator-of-the-labor-market/

FRBNY Survey of Consumer Expectations
https://www.newyorkfed.org/microeconomics/sce#/earnuncert-1

https://www.eurodollar.university
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People are Desperately Losing Hope in the Labor Market