Consumer Pessimism Grows as Inflation Accelerates…Job-seeking and recruiting at Google ⁩ search activity suggesting weaker jobs report for January

Consumer perception of current economic conditions in December was almost even with April 2020 levels, when sentiment bottomed out following the first major restrictions to control the coronavirus pandemic.

While Americans’ feelings about their personal finances slid through much of 2021, concerns about buying conditions—amid continuing worries about inflation—fell drastically for much of the year.

Household income has declined from spikes that occurred as the government distributed pandemic-related stimulus. Still, many Americans have seen wages and benefits increase, as the economy rebounded from earlier disruptions from the pandemic.

https://www.wsj.com/articles/consumers-get-more-pessimistic-as-inflation-looms-11643711412

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