Americans are feeling more optimistic about the economy, as indicated by a new study out of the University of Michigan. The study reveals that consumer sentiment has increased by 13% in January, reaching its highest level since July 2021. This positive outlook comes as inflation continues to soften. Additionally, the January jobs report shows that the U.S. economy added 353,000 jobs last month, with the unemployment rate remaining steady at 3.7%. Stay updated with the latest economic news and trends by following our coverage on Channel 4.

Despite increased concerns about layoffs and a looming recession, Florida’s unemployment rate dipped in June.