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Confidence Crawls Back as Jobs Slow | Global News
- Published
- July 4, 2026
- Duration
- 1:39
- Summary source
- description
- Last updated
- Jul 5, 2026
Discusses daily.
Summary
Consumer confidence edged up slightly to 91.2, still far below pre-pandemic levels, as soaring gas prices from the Iran conflict fueled inflation and squeezed real incomes. The job market remains sluggish, with only 57,000 new jobs added in June — half of the prior month — though unemployment dipped to 4.2% largely due to fewer people actively seeking wor…
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Show notes
Consumer confidence edged up slightly to 91.2, still far below pre-pandemic levels, as soaring gas prices from the Iran conflict fueled inflation and squeezed real incomes. The job market remains sluggish, with only 57,000 new jobs added in June — half of the prior month — though unemployment dipped to 4.2% largely due to fewer people actively seeking work. Unemployment claims fell to 215,000, signaling minimal layoffs and a surprisingly stable labor market. Mortgage rates dipped to 6.43%, offer
Themes
- daily