Odaily Planet Daily reports that this summer's weak labor market has impacted Americans' economic outlook. The New York Federal Reserve's latest consumer expectations survey showed that consumers' views on future job prospects and unemployment deteriorated in August, while short-term inflation expectations rose. In August, the proportion of people expecting the unemployment rate to rise over the next year rose 1.7 percentage points to 39.1%, from 37.4% in July. Meanwhile, expectations of their likelihood of finding a new job if they lost their current one fell 5.8 percentage points to 44.9%, the lowest level since the New York Fed began tracking this data in June 2013. Pessimism about the labor market may be justified. Hiring has been weak since May. In August, the U.S. added only 22,000 jobs, far below economists' expectations of 76,500. The unemployment rate rose to 4.3%, the highest level since 2021, while the number of people applying for unemployment benefits steadily increased in August. (Jinshi)