US Consumer Confidence Falls Most in Three Years on Labor Views
- Conference Board index dropped 6.9 points in September
- Labor metric fell an eighth month, longest streak since 2008
The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.
The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.