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Consumer Confidence Rebounds in May

Consumer confidence saw an unexpected rebound this May, reflecting more optimistic views on employment, business conditions, and stock prospects. The Conference Board’s index (measures the optimism or pessimism of households about their financial situation) rose to 102 from 97.5 in April, reversing a three-month decline.

Despite this positive shift, there are growing worries about inflation which is anticipated to show minimal changes this Friday. Furthermore, contrasting the rebound in consumer confidence, University of Michigan's consumer sentiment index recently fell to its lowest point in six months.

Analysts generally regard the Conference Board survey as a more accurate indicator of labor market expectations.

At Otterbrook, we stay attuned to these economic signals to better support our clients and candidates. Understanding these trends helps us navigate the evolving job market and provide informed guidance to those we serve. 

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