Job Market Supporting Consumers Struggling With High Interest and Prices: Analyst

Don Ma
By Don Ma
May 28, 2024Business Matters
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An unexpected improvement in U.S. consumer confidence was reported in May. Mark Hamrick, senior economic analyst at Bankrate.com, says the job market is supporting consumers but consumers are still struggling with high interest rates and prices. Mr. Hamrick explains how he sees these factors are impacting consumer spending and how the consumer outlook is concerning but may not be a sign of an imminent slowdown.

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