US Consumer Confidence Slumps to Lowest Level Since July 2022
- Conference Board index fell for a third month in April
- Expectations for more available jobs fell to lowest since 2011
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US consumer confidence fell in April to the lowest since mid-2022 as Americans’ views of the labor market and their outlook for the economy deteriorated.
The Conference Board’s gauge of sentiment decreased to 97 from a downwardly revised 103.1 in March, data out Tuesday showed. The figure marked the third straight decline and trailed all estimates in a Bloomberg survey of economists.