Consumers Uneasy About US Labor Market, Household Finances in Year Ahead: New York Fed

Nearly 38 percent of survey respondents expect the unemployment rate to be higher in a year, compared with 36.6 percent in July.

A hiring sign at a grocery store in Deerfield, Ill., on July 25, 2024. Nam Y. Huh, File/AP Photo

Consumers are increasingly anxious about the U.S. labor market and their household finances, according to the Federal Reserve Bank of New York’s August Survey of Consumer Expectations (SCE).

Nearly 38 percent of respondents told the regional central bank that they expect the unemployment rate will be higher one year from now, up from 36.6 percent in July.