9/24/24
Consumer Confidence Suffers Biggest Monthly Drop Since 2021—Job Market Hopes Waver Before Election
Consumer confidence fell this month by the largest amount since August 2021, according to a monthly survey released Tuesday morning by the economic research firm Conference Board, as discontent among Americans about the state of the economy looms large weeks before the election.
-snip-
Though the economy remains strong overall, recent data has pointed to weakness in the labor market—the unemployment rate of 4.2% last month was 0.5 percentage points above where it was at the start of the year and inflation is still above the 2% historical target.
....https://www.forbes.com/sites/dereksa...fore-election/
Consumer Confidence Suffers Biggest Monthly Drop Since 2021—Job Market Hopes Waver Before Election
Consumer confidence fell this month by the largest amount since August 2021, according to a monthly survey released Tuesday morning by the economic research firm Conference Board, as discontent among Americans about the state of the economy looms large weeks before the election.
-snip-
Though the economy remains strong overall, recent data has pointed to weakness in the labor market—the unemployment rate of 4.2% last month was 0.5 percentage points above where it was at the start of the year and inflation is still above the 2% historical target.
....https://www.forbes.com/sites/dereksa...fore-election/
Comment