Consumer Confidence Report Falls to largest amount since August 2021

[Commonground]

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.​
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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/dereks...-2021-job-market-hopes-waver-before-election/

 

[Commonground]

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/c...ricans-pessimistic-ahead-of-election-b9444824