CONSUMER CONFIDENCE
09/25/2024 |
The Conference Board’s consumer confidence index sank a whopping 6.9 points in August, its biggest one-month decline since 8/21, when inflation was beginning its dreadful climb. This time, the concern is labor markets. 18.3% of respondents consider “jobs hard to get” the highest percentage since 2017, while the percentage reporting “jobs easy to get” was 12.6%, the lowest level since 2017. Simultaneously, expectations are teetering slightly above recessionary levels.