U.S. consumer confidence dropped to 98.7 in September, a 3-year record low, due to labor market concerns.

In September, U.S. consumer confidence unexpectedly dropped to 98.7, a significant decline from August's revised figure of 105.6. This marks the largest decrease in over three years, driven by rising concerns about the labor market and job security. The decline reflects growing apprehension about economic stability and employment opportunities among Americans.

September 24, 2024
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