Consumer expectations have improved with the drop in unemployment and the new vacancies that are emerging in the labor market. The National Confederation of Commerce released some data that show that there is growing optimism on the part of consumers with the job market, and this is the first time this feeling has surfaced since 2020.
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Something that may be related to this is the increase in income among those earning up to 10 minimum wages, which was 2.6% last month, and 2.0% for those earning more than 10 minimum wages.
"The movement is consistent with measures to support income, as well as having the influence of successive increases in the average real income of families", said the confederation.
Those who ended up occupying most of the job vacancies made available in this first half of the year were young people, who were also the ones who were most satisfied with their current income.
However, while the population has been optimistic about income and falling unemployment, market prices remain high due to inflation. So much so that the index rose more in the month of July, but with less intensity compared to the other months.
People continue to lose purchasing power, but with the drop in unemployment and the low intensity of inflation growth, the scenario seems more stabilized. An example is that the consumption index rose only 0.2% in July, if compared to the month of June.
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