Job Openings Decline as Consumer Confidence Also Falls

The video discusses a decline in consumer confidence, with figures falling below forecasts. It highlights changes in employment perceptions, noting a slight increase in jobs perceived as hard to get. The JOLTS report shows a decrease in job openings, which is seen as positive for the Fed due to a previously tight labor market. The rate of hires remains stable, while the number of quits slightly decreases, indicating reduced confidence in job availability.

What was the revised consumer confidence figure for the previous month?

• 116

• 106.1

• 114

• 153

How did the perception of jobs being plentiful change?

• Increased to 45.6

• Increased to 43.7

• Decreased to 40.3

• Remained at 43.7

What is the significance of the decrease in job openings according to the JOLTS report?

• It indicates a weakening economy.

• It is considered good news for the Fed.

• It shows an increase in consumer confidence.

• It suggests a rise in unemployment.

What was the rate of hires according to the JOLTS report?

• 7 billion

• 5.8 million

• 3.7%

• 2.3%

How did the number of quits change according to the JOLTS report?

• Decreased to 3.5 million

• Increased to 4 million

• Remained at 3.5 million

• Increased to 3.7 million