US Consumer Confidence Nosedives Amid Growing Concerns Over Job Security
By Tom Ozimek U.S. consumer confidence took a sharp dive in September, driven by rising concerns over job security and a softening labor market. The Conference Board reported on Sept. 24 that its consumer confidence index fell to 98.7, down from a revised 105.6 in August, marking the steepest drop in just over three years. In this month’s index, all five components—current business…
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