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Cliff Notes: Labour Market Critical to Households' Resilience

The January edition of the Westpac-MI Consumer Sentiment Index showed cost-of-living pressures and concerns over elevated interested rates remain firmly entrenched in the minds of consumers. Highlighting the significance of these factors, at 81.0, the index is currently among the bottom 7% of observations since the inception of the survey in the 1970’s. Perceptions of ‘family finances versus a year ago’ are almost 30ppts below long-run average levels and expectations for the year ahead are...
United Kingdom Christopher Waller Brookings Institute Labour Force Decision Maker Panel Sentiment Index

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