Consumer confidence slips in September under weight of job market concerns
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The Conference Board’s Consumer Confidence Index fell to 98.7 in September 2024, down from an upwardly revised 105.6 in August, marking the largest monthly decline in three years; concerns about the job market have intensified, affecting overall economic sentiment; American employers added 142,000 jobs in August, below the average monthly gain of 202,000; the unemployment rate has been over 4% for four consecutive months; consumers are more pessimistic about current and future labor market conditions, business conditions, and income prospects; inflation expectations remain high at 5.2% despite actual inflation dropping to 2.5%; the Federal Reserve recently cut its benchmark interest rate by half a point, with more cuts anticipated; 33.3% of Americans expect lower interest rates, the highest since April 2020.
#ConsumerConfidence #JobMarket #Economy #Inflation #Unemployment #FederalReserve #InterestRates #EconomicConditions #LaborMarket #Survey
https://cbs12.com/news/nation-world/consumer-confidence-slips-in-september-under-weight-of-job-market-concerns-us-economy-finances-business-conditions-labor-inflation-interest-rates-conference-board-consumer-confidence-index
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2024-09-24 21:43:15
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2024-09-24 21:43:15Event JSON
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"content": "Consumer confidence slips in September under weight of job market concerns\n==========\n\nThe Conference Board’s Consumer Confidence Index fell to 98.7 in September 2024, down from an upwardly revised 105.6 in August, marking the largest monthly decline in three years; concerns about the job market have intensified, affecting overall economic sentiment; American employers added 142,000 jobs in August, below the average monthly gain of 202,000; the unemployment rate has been over 4% for four consecutive months; consumers are more pessimistic about current and future labor market conditions, business conditions, and income prospects; inflation expectations remain high at 5.2% despite actual inflation dropping to 2.5%; the Federal Reserve recently cut its benchmark interest rate by half a point, with more cuts anticipated; 33.3% of Americans expect lower interest rates, the highest since April 2020.\n\n#ConsumerConfidence #JobMarket #Economy #Inflation #Unemployment #FederalReserve #InterestRates #EconomicConditions #LaborMarket #Survey\n\nhttps://cbs12.com/news/nation-world/consumer-confidence-slips-in-september-under-weight-of-job-market-concerns-us-economy-finances-business-conditions-labor-inflation-interest-rates-conference-board-consumer-confidence-index",
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