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Benzinga
Benzinga
Business
Vishaal Sanjay

US Labor Market Is Flashing Red: 'Plentiful' Versus 'Hard-To-Get' Job Gauge Hits 4-Year Low, Signals Unemployment Could Jump To 6%

United States Unemployment Pandemic
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A widely watched labor market sentiment indicator has dropped to its lowest level since early 2017, excluding the pandemic spike, signaling potential trouble ahead for the U.S. job market.

What Happened: On Wednesday, The Kobeissi Letter shared the results of the recent Conference Board's Consumer Confidence survey, showing that the gap between the percentage of Americans who say jobs are “plentiful” and those who say they are “hard to get” has shrunk to just 11.1%.

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