041: Deciphering Labor Market Trends and Consumer Confidence 08-29-23
Before you make a move, you need to listen closely. Megan Horneman, Chief Investment Officer for Verdence Capital Advisors, is about to decode the latest data from labor markets and consumer confidence. Yes, those job postings have seen a plunge since the pandemic’s end, and the disparity between available and hard-to-get jobs is widening, suggesting a waning labor market. You would appreciate that the last we saw these signs, the unemployment rate had a surprise in store.
But that’s not all. Megan takes you through the recent dip in consumer confidence, pegged heavily on the current economic circumstances and the hike in fuel prices. Despite the consumer spending staying robust, these factors might pose a challenge in the second half of the year. Megan’s insights will arm you with a robust understanding of current economic trends and their implications for the ordinary consumer. We are all ears for your thoughts and queries at [email protected].
