US Consumer Confidence Drops Amid Job Market Concerns.
TL;DR Summary
US consumer confidence fell to 101.3 in April, the lowest level since July 2022, as Americans become more pessimistic about the job market. The Conference Board's measure of economic expectations fell in April and has remained below a threshold "associated with a recession within the next year" for every month since February 2022. The share of consumers expecting more jobs to be available fell to 12.5% in April, down from 15.5% in March, while the share who anticipate fewer jobs increased to 21% from 20.5% during the same period.
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- US Consumer Confidence Declined in April PR Newswire
- US consumer confidence falls to 9-month low in April Reuters
- US consumer confidence falls for 3rd time in 4 months The Washington Post
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