US consumer confidence slips to six-month low; worries over job availability rising

[littlemissmartypants]

Source: Reuters

WASHINGTON, Oct 28 (Reuters) - U.S. consumer confidence eased to a six-month low in October amid worries about the availability of jobs in the near-term, offering more ammunition for the Federal Reserve to cut interest rates again on Wednesday.

The Conference Board survey on Tuesday also confirmed what economists describe as a K-shaped economy, with confidence declining among consumers making an annual income of less than $75,000, but consumers earning more than $200,000 a year more upbeat. Economists argue that high-income households are keeping the economy afloat through robust consumer spending.

Lower-income households are struggling to make ends meet amid higher prices, including from President Donald Trump's broad tariffs on imports, economists say. The Conference Board said references to prices and inflation in write-in comments to the survey remained the main topic influencing consumers' views of the economy this month. It said while the mention of tariffs declined, the number of references remained elevated.

"Consumers are weary and for good reason, the stock market records are not helping them get jobs or put food on the table, and with store-bought goods inflation still rising, many Americans are being left behind in Trump 2.0," said Christopher Rupkey, chief economist at FWDBONDS.
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Read more: https://www.reuters.com/world/us/us-consumer-confidence-slips-october-worries-over-jobs-persist-2025-10-28/

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https://archive.ph/FzCc6

Thanks for linking to the archive. It's a hedge against censorship. 🇺🇸

❤️ pants
RESIST!! ✊️

[chicoescuela]

1. Would be nice if we actually knew what the unemployment numbers

actually are. Guess those days are over.

[durablend]

2. "The most beautiful ever!" /sarcasm

[chicoescuela]

4. Exactly. Numbers like no one has ever seen before.

[progree]

3. Thanks for posting. Source link and graph:

https://www.conference-board.org/topics/consumer-confidence/

Consumer Confidence Graph:

[J_William_Ryan]

5. For

those who voted for Trump because of ‘the economy,’ another example of the stupidity of voting for Trump – particularly when Trump said he’d start trade wars with tariffs, particularly when economists warned that tariffs would increase prices and costs for consumers.

Tariffs are a tax increase on consumers.

And tariffs don’t work; Americans are suffering under Trump for no good reason.

[travelingthrulife]

6. But they are stomping on liberals daily. They think that is hilarious and well worth

the poverty they will experience.