U.S. consumer confidence dipped in August as job market concerns and high costs continued to weigh on households.
Americans’ confidence in the economy slipped in August, with concerns over jobs, tariffs and high prices weighing on sentiment, according to data released Tuesday.
The Conference Board reported that its consumer confidence index fell by 1.3 points to 97.4, compared with July’s 98.7. The figure has stayed within a narrow range over the past three months, reflecting steady but subdued public sentiment. Analysts had anticipated a modest decline.
A key gauge of short-term expectations for income, business conditions, and the labor market slid 1.2 points to 74.8. That level remains below 80, a threshold economists often view as signaling potential recession risks.
Consumers’ assessments of current economic conditions also weakened slightly, declining to 131.2 in August from 132.8 in July.
The report marks the eighth consecutive month of rising concern over the job market, underscoring continued unease despite recent signs of economic resilience.
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