Americans say it's harder to find a job. So why aren't economists worried yet?

Published On Sep 28, 2024, 9:00 AM

The article discusses the current state of the U.S. job market, highlighting that many Americans are feeling it is harder to find employment. This sentiment is reflected in recent Consumer Confidence Index data which shows a decline in confidence regarding job availability. However, economists remain unconcerned, suggesting that while job seekers may face challenges, overall economic indicators such as job growth and unemployment rates do not signal a looming crisis. They believe the labor market is adjusting but isn't collapsing, pointing to a phase of stabilization rather than a significant downturn.