Americans were less sure of the economy in early March and saw jobs as harder to get than in previous months.
City Hall is seen in the distance as construction workers help carry a huge American flag in a march to the Metropolitan Detention Center during one a several May Day immigration-themed events on May 1, 2014 in Los Angeles, CaliforniaConsumer sentiment fell in March, with particular uncertainty apparent on the employment front.
But economists expect the US will continue to add north of 100,000 jobs each month, the amount needed to keep up with growth in the working-age population. The gap between the number of respondents who thought jobs were plentiful and those who thought they were hard to get — known as the labor market differential — slid to its lowest level in eight months. Economists look at that reading as an indicator of the unemployment rate.
Overall consumer confidence trends have been slowing over the past year, as the initial effects of tax cuts fade and global trade tensions continue. The Federal Reserve dimmed its growth forecast for the US last week, also citing reduced activity in China and the European Union.
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