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Consumer Confidence Report Falls to largest amount since August 2021

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  • Consumer Confidence Report Falls to largest amount since August 2021

    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/

  • #2
    Consumer confidence plunges on weaker job market and high cost of living. Americans are anxious ahead of election

    ​9/24/24
    Consumers are the most pessimistic about the economy since 2021​

    The numbers: Consumer confidence fell in September to a three-month low ahead of a pivotal U.S. election whose outcome could hinge on which presidential candidate voters think will do a better job on the economy.

    Americans were more worried about the job market in light of a steady rise in unemployment and greater difficulty in finding work. A high cost of living after several years of severe inflation was another source of distress.

    ​...https://www.marketwatch.com/story/co...ction-b9444824

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