Quarterly Report on Household Debt and Credit
Q1 Report: Total household debt rose by $124 billion (0.9 percent) in the first quarter of 2019 to reach $13.67 trillion—$993 billion higher than the previous peak, set in the third quarter of 2008. Total debt now stands 22.5 percent above the post-financial-crisis trough reached in the second quarter of 2013.
SURVEY OF CONSUMER EXPECTATIONS
April Survey: Median inflation expectations declined by 0.2 percentage point at both the one- and three-year horizons, to 2.6 percent and 2.7 percent, respectively. The declines were broad-based across income groups. Home price change expectations remained stable at their recent low level of 3.0 percent, while labor market expectations improved.
SCE LABOR MARKET SURVEY
March Survey: The proportion of individuals who reported searching for a job in the past four weeks increased to 24.3 percent, up from 22.7 percent in November 2018. The average full-time offer wage received in the past four months jumped notably to a series high of $66,415, from $58,035 in the previous survey.