US Consumer Confidence Falls Most in Three Years on Labor Views

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US Consumer Confidence Falls Most in Three Years on Labor Views

Bloomberg2024-09-24

US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment ...

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Comment（4）

nywles
·2024-09-25
Thanks
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2
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Dr Rck
·2024-09-25
This was carried out before rate cuts were even introduced! Hence the Fed is doing all that it can to prop up the confidence in the economy! Any rate cuts coming more this years plus more dovish measures by the Fed and China, they will certainly drive higher employment and better business enviroment now and later:)
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JacDragon
·2024-09-24
Wow market maintain with the worst consumer sentiment
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Guavaxf30
·2024-09-24
This should not have come as a surprise. Jamie Dimon was right in warning that the overall situation is still dire. A possible hard landing is still not out of the picture.
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The figure was below all estimates in a Bloomberg survey of economists.</p><p style=\"text-align: start;\">A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.</p><p style=\"text-align: start;\">The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.</p><p>“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.</p><p style=\"text-align: start;\">The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.</p><p style=\"text-align: start;\">The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.</p><p style=\"text-align: start;\">While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.</p><p style=\"text-align: start;\">Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.</p><p>Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.</p><p style=\"text-align: start;\">The S&amp;P 500 and two-year Treasury yields were lower after the report.</p><p style=\"text-align: start;\">A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Consumer Confidence Falls Most in Three Years on Labor Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Consumer Confidence Falls Most in Three Years on Labor Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142235548","content_text":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.The S&P 500 and two-year Treasury yields were lower after the report.A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353016529867032,"gmtCreate":1727194783914,"gmtModify":1727196687388,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"This was carried out before rate cuts were even introduced! Hence the Fed is doing all that it can to prop up the confidence in the economy! Any rate cuts coming more this years plus more dovish measures by the Fed and China, they will certainly drive higher employment and better business enviroment now and later:)","listText":"This was carried out before rate cuts were even introduced! Hence the Fed is doing all that it can to prop up the confidence in the economy! Any rate cuts coming more this years plus more dovish measures by the Fed and China, they will certainly drive higher employment and better business enviroment now and later:)","text":"This was carried out before rate cuts were even introduced! Hence the Fed is doing all that it can to prop up the confidence in the economy! Any rate cuts coming more this years plus more dovish measures by the Fed and China, they will certainly drive higher employment and better business enviroment now and later:)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353016529867032","repostId":1142235548,"repostType":2,"repost":{"id":"1142235548","kind":"news","pubTimestamp":1727188200,"share":"https://ttm.financial/m/news/1142235548?lang=&edition=fundamental","pubTime":"2024-09-24 22:30","market":"us","language":"en","title":"US Consumer Confidence Falls Most in Three Years on Labor Views","url":"https://stock-news.laohu8.com/highlight/detail?id=1142235548","media":"Bloomberg","summary":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment de","content":"<html><head></head><body><p style=\"text-align: start;\">US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.</p><p style=\"text-align: start;\">The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.</p><p style=\"text-align: start;\">A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.</p><p style=\"text-align: start;\">The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.</p><p>“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.</p><p style=\"text-align: start;\">The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.</p><p style=\"text-align: start;\">The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.</p><p style=\"text-align: start;\">While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.</p><p style=\"text-align: start;\">Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.</p><p>Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.</p><p style=\"text-align: start;\">The S&amp;P 500 and two-year Treasury yields were lower after the report.</p><p style=\"text-align: start;\">A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Consumer Confidence Falls Most in Three Years on Labor Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Consumer Confidence Falls Most in Three Years on Labor Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142235548","content_text":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.The S&P 500 and two-year Treasury yields were lower after the report.A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353004763836696,"gmtCreate":1727191911348,"gmtModify":1727192684311,"author":{"id":"4103164827769800","authorId":"4103164827769800","name":"JacDragon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"4103164827769800","authorIdStr":"4103164827769800"},"htmlText":"Wow market maintain with the worst consumer sentiment&nbsp;","listText":"Wow market maintain with the worst consumer sentiment&nbsp;","text":"Wow market maintain with the worst consumer sentiment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353004763836696","repostId":1142235548,"repostType":2,"repost":{"id":"1142235548","kind":"news","pubTimestamp":1727188200,"share":"https://ttm.financial/m/news/1142235548?lang=&edition=fundamental","pubTime":"2024-09-24 22:30","market":"us","language":"en","title":"US Consumer Confidence Falls Most in Three Years on Labor Views","url":"https://stock-news.laohu8.com/highlight/detail?id=1142235548","media":"Bloomberg","summary":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment de","content":"<html><head></head><body><p style=\"text-align: start;\">US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.</p><p style=\"text-align: start;\">The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.</p><p style=\"text-align: start;\">A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.</p><p style=\"text-align: start;\">The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.</p><p>“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.</p><p style=\"text-align: start;\">The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.</p><p style=\"text-align: start;\">The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.</p><p style=\"text-align: start;\">While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.</p><p style=\"text-align: start;\">Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.</p><p>Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.</p><p style=\"text-align: start;\">The S&amp;P 500 and two-year Treasury yields were lower after the report.</p><p style=\"text-align: start;\">A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Consumer Confidence Falls Most in Three Years on Labor Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Consumer Confidence Falls Most in Three Years on Labor Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142235548","content_text":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.The S&P 500 and two-year Treasury yields were lower after the report.A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352871280406576,"gmtCreate":1727190307078,"gmtModify":1727192612454,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"This should not have come as a surprise. Jamie Dimon was right in warning that the overall situation is still dire. A possible hard landing is still not out of the picture.","listText":"This should not have come as a surprise. Jamie Dimon was right in warning that the overall situation is still dire. A possible hard landing is still not out of the picture.","text":"This should not have come as a surprise. Jamie Dimon was right in warning that the overall situation is still dire. A possible hard landing is still not out of the picture.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352871280406576","repostId":1142235548,"repostType":4,"repost":{"id":"1142235548","kind":"news","pubTimestamp":1727188200,"share":"https://ttm.financial/m/news/1142235548?lang=&edition=fundamental","pubTime":"2024-09-24 22:30","market":"us","language":"en","title":"US Consumer Confidence Falls Most in Three Years on Labor Views","url":"https://stock-news.laohu8.com/highlight/detail?id=1142235548","media":"Bloomberg","summary":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment de","content":"<html><head></head><body><p style=\"text-align: start;\">US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.</p><p style=\"text-align: start;\">The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.</p><p style=\"text-align: start;\">A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.</p><p style=\"text-align: start;\">The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.</p><p>“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.</p><p style=\"text-align: start;\">The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.</p><p style=\"text-align: start;\">The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.</p><p style=\"text-align: start;\">While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.</p><p style=\"text-align: start;\">Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.</p><p>Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.</p><p style=\"text-align: start;\">The S&amp;P 500 and two-year Treasury yields were lower after the report.</p><p style=\"text-align: start;\">A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Consumer Confidence Falls Most in Three Years on Labor Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Consumer Confidence Falls Most in Three Years on Labor Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142235548","content_text":"US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists.A measure of expectations for the next six months declined in September to 81.7, while present conditions dropped to 124.3.The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence, keeping the gauge well below pre-pandemic levels. Details of the report mirror concerns about the job market that led to the Federal Reserve’s decision to cut interest rates by 50 basis points last week.“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.The share of consumers that said jobs were plentiful declined for a seventh month to 30.9%, still the smallest share since March 2021. The streak of declines is the longest since 2008. The share saying jobs were hard to get rose to 18.3%, also the highest since early 2021.The difference between these two — a metric closely followed by economists to gauge the job market — narrowed for an eighth month, also the longest since the Great Recession.While consumers still see a low chance of a recession in the next year, there was a “slight uptick” in the share that believes the economy is already in a downturn, Peterson said. And while still positive, consumers’ assessment of their present and future financial situations weakened in September.Chair Jerome Powell said last week that while the labor market is softening, it’s still in “solid condition” and the broader economy is “basically fine.” Projections by policymakers released with the rate decision showed unemployment is expected to climb from a current 4.2% to 4.4% in the fourth quarter and hold at that level through 2025, with most officials seeing upside risk to their forecasts.Roughly a third of consumers expect lower interest rates in the next year, still the highest share since April 2020, according to the Conference Board. Write-in responses in September also included more mentions of interest rates affecting consumer’s views of the economy.The S&P 500 and two-year Treasury yields were lower after the report.A new question about services revealed consumers were still interested in traveling and dining out. Buying plans for homes, cars and major appliances were mixed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":4,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}