Consumer Confidence Plummets Amid Job Concerns

Consumer confidence plummets as job concerns escalate, pushing the Consumer Confidence Index to its lowest level since April. The index dropped nearly seven points, falling short of economists predictions, indicating a more widespread unease. The expectations index also saw a significant decline, suggesting a broader shift in consumer planning and spending. The current situation index also slipped, reflecting a less favorable view of the immediate economic landscape. This ongoing situation underscores a cautious mood among consumers as we approach the end of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.