Core Viewpoint - There is a broad-based decline in consumer confidence, particularly regarding jobs, incomes, and financial expectations, likely influenced by the government shutdown [2][3][5]. Consumer Confidence - Consumer confidence has decreased significantly in November, with families reporting a negative assessment of their financial situations [2][3]. - Discretionary spending plans are declining, as consumers are cutting back on spending for services and entertainment [3][10]. Labor Market Insights - The labor market is experiencing a lack of churn, with minimal hiring and layoffs, yet the unemployment rate is gradually increasing [5]. - The labor differential index, which measures job availability perceptions, has been on a downward trend, correlating with the rising unemployment rate [5]. Demographic Trends - There are notable demographic differences in confidence levels, with younger individuals under 35 showing improved confidence, while those over 55 are less optimistic despite market gains [6][7]. Holiday Shopping Outlook - Consumers are entering the holiday shopping season with caution, indicating a potential shift in spending behavior [8][10]. - Retail sales data for Q3 suggests robust consumer spending overall, but there are signs of caution as the quarter ends, particularly in discretionary purchases [9][10].

what's going on here. What are some of the inputs and how striking was this data to you. >> Yeah, I think I have a a little bit of a less optimistic view of the consumer than Michelle was talking about earlier.So, yeah, broad-based decline in consumer confidence in November uh across jobs, incomes and uh financial situation expectations and uh that is probably due to a government shutdown. remember we were still uh you know in a shutdown uh kind of mode uh during most of November and uh I think we will see ...

ToplineThe consumer confidence index dropped in November, the Conference Board said in a report issued Tuesday, falling 6.8 points to its lowest level since April, when fears over the Trump administration’s tariffs drove a sharp drop in confidence.Only 1% of consumers said business conditions were good in the U.S., according to the Conference Board’s report.Getty ImagesKey FactsThe consumer confidence index fell to 88.7 in November, according to the Conference Board’s latest report, after posting a revised ...

Core Insights - U.S. Treasury yields are experiencing a decline due to disappointing consumer confidence data [1] Group 1: Economic Indicators - The fall in Treasury yields is linked to a decrease in U.S. consumer confidence, indicating potential economic concerns [1]

Consumer Confidence Falls Sharply In November—Hitting Lowest Level Since Aprilhttps://t.co/SHqlyFiwhT https://t.co/o9rmUeRJN6 ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Consumer confidence slumped in November to the lowest level since the imposition of sweeping U.S. tariffs in April as inflation persisted well above the Federal Reserve’s 2% target and reports of a pullback in hiring added to signs of a cooling labor market. The Consumer Confidence Index fell by 6.8 points this month to 88.7, with gauges of the labor market, b ...

Consumer confidence falls to lowest in seven months as concerns grow about high prices and a weakening job market. Follow live updates. https://t.co/lMNUdfN7XI https://t.co/NOr7110zBn ...

Consumer confidence falls to lowest in seven months as concerns grow about high prices and a weakening job market. Follow live updates. https://t.co/EoJtrUaDeK https://t.co/dsGeTj1l38 ...

Speaking of retail, consumer confidence data just crossing now. Let's get to Rick Santelli on that. Hey, Rick.>> Yes, these are November numbers on the headline. We're expecting a number right around 93. Big miss here.88.7%, the weakest since April, Liberation Month. And if we look in the rearview mirror, there is something. We do see an upgrade of last month from 946 to 95.5% on the present situation.126.9% another miss although a positive revision 129 to 131 126.9% the weakest since March of 21 and on the ...

High anxiety — that's the state of mind among Americans as the holiday shopping season gets underway in what's been a tumultuous year. Consumer confidence slumps again and is a near post-pandemic low. ...