[New York Fed: Weak Job Market Hits Consumer Confidence] A survey by the New York Fed shows that in August, U.S. consumers' expectations for employment and the unemployment rate worsened, while short-term inflation expectations rose. The proportion of people expecting the unemployment rate to increase in the next year reached 39.1%, and a record-low 44.9% believed it would be difficult to find a new job after being laid off. Only 22,000 new jobs were added in August, far below expectations, and the unemployment rate rose to 4.3%, the highest level since 2021.
