From Yahoo Finance: 2025-06-09 13:00:00

New data from the New York Fed shows growing confidence in the labor market despite economic uncertainties. Perceived chance of US unemployment rate rising in next year fell by 3.3%. Though still above average, job loss fears are at lowest since early this year. Inflation expectations cooled in May.

Consumers are feeling more secure in their jobs, with lower perceived job loss likelihood and a slight increase in expected quit rate. Labor force stability is noted, with caution persisting despite improvements in the economic outlook. Inflation expectations have also cooled ahead of the CPI release.

The New York Fed’s May 2025 Survey of Consumer Expectations indicates a positive shift in confidence, with decreases in perceived job loss risk and unemployment rate rise. Despite lingering caution, the labor market appears stable, and inflation expectations have improved in anticipation of the CPI release.

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