Published On Sep 24, 2024
Consumer sentiment on jobs, income and overall business conditions dropped in September, the latest survey results from The Conference Board Consumer Confidence Index® show. Fewer hours, slower payroll increases and fewer job openings – even amid a relatively healthy labor market – are likely behind falling consumer optimism.
Join Alex Heil, Senior Economist at The Conference Board, and Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center at The Conference Board, to find out what impact lower US consumer sentiment could have on the wider economy.
(00:33) Understanding the Consumer Confidence Index (01:00) Labor Market Insights (04:12) Consumer Confidence by Age and Income (05:46) Present Situation vs. Expectations (09:03) Consumer Spending Trends (17:36) Global Economic Outlook (19:24) European Economic Challenges (24:19) Interest Rates and Central Bank Policies
For more on this topic from The Conference Board:
Consumer Confidence Survey Economic Forecast for the US Economy Economy Watch: United States