Economists at First Trust Adviss join “Varney & Co.” To discuss the warning of former Labor Minister Robert Rish that President Donald Trump is pushing the United States to recession.
On Monday, the Federal Reserve in New York issued new data that showed that American families Poile on finding a new job If they lose their current job. It is the lowest level since New York Federal Reserve The data collection of the series began in June 2013.
The Federal Reserve Center for New York for partial economy data released its survey of the consumer’s expectations for the month of August, which showed that the average perception of finding a job if the defendant had lost his current job last month to the lowest new level amid economic uncertainty.
The perceived possibility to find a new function decreased if the current individual function decreased 5.8 percentage points last month, and decreased to 44.9 %.
“The widespread decline was based on age, education and income, but it was more clear to those who have at the most high school education,” the New York Reserve Council explained.
He missed the growth of jobs in the United States in August, amid economic uncertainty
New York’s Federal Reserve Reconstruction found the Americans ’pessimism about finding a new job if they lost their current role, reaching the lowest new level. (Paul Bersebach/Medianews Group/Orange County Record via Getty Images/Getty Images)
August data also included data showing a slight increase in Americans’ expectations Loss of their work In the next 12 months, in addition to a lower possibility to leave the person’s voluntary job next year.
The average perception of the loss of an individual function increased by 0.1 percent to 14.5 %, which is higher than the average backward than 12 months of 14 %.
At the same time, average probability Leaving It decreased by 0.1 Celsius to 18.9 %, slightly lower than the average backward than 12 months of 19 %.
Bank of America reports, as it decreased by 6.7 % on an annual basis, amid increased tariff
NY FED poll found that Americans see a greater possibility of losing their job next year and a less likely to leave their current job voluntarily. (Joe Raedle / Getty Images / Getty Images)
As you see American families High inflation Over the next year, with medium expectations for the next year, where a percentage point has increased by 0.1 to 3.2 % one year of August – a level will be much higher than the Federal Reserve goal by 2 %.
The inflation forecast has not changed in time horizons for three and five years by 3 % and 2.9 %, respectively.
the Work Statistics Office The inflation report is scheduled to issue a Consumer price index (CPI) for August later this week.
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The July version (July) showed that the main consumer price index rose by 2.7 % from last year, while the Core CPI – which excludes the prices of volatile food and energy – increased by 3.1 % during the past year.
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