Internet reports that this summer's weak labor market has affected Americans 'views on the economic outlook. The latest New York Fed's consumer expectations survey showed that consumers 'views on future employment prospects and unemployment deteriorated in August, while short-term inflation expectations rose. In August, the proportion of people who expect unemployment to rise in the coming year rose 1.7 percentage points to 39.1%, from 37.4% in July. At the same time, people's expectations of their likelihood of finding a new job if they lose their current job fell 5.8 percentage points to 44.9%-the lowest since the New York Fed began tracking the data in June 2013. The pessimism about the labor market may be justified. Recruitment has been weak since May. In August, the U.S. added only 22,000 jobs, well short of the 76,500 job increase economists had expected. The unemployment rate rose to 4.3%, the highest level since 2021, while the number of people applying for unemployment benefits rose steadily in August.