Consumer spending has seen a slight decline, while overall employment remains stable. However, labor demand is weakening, with some companies opting for layoffs due to sluggish demand and increased investment in artificial intelligence. Temporary and part-time employment are becoming more favored options. Wages are rising moderately across regions. Prices continue to climb, driven by higher import costs, increased service expenditures, and tariff impacts.
Consumer Spending Declines Slightly Amid Stable Employment
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