fell<\/a> to 94.6 in October from 95.6 in August, down from a 100-point baseline set in 1986 and the lowest reading since April.<\/p>\nThe reading comes just above Wall Street\u2019s projections of 94.2, according to FactSet.<\/p>\n
A measurement of consumers\u2019 expectations for the economy over the next six months fell to 71.5 in October, the lowest level since June, despite a metric of present conditions increasing slightly from 127.5 to 129.3.<\/p>\n
Metrics around the labor market remained low after ticking up for the first time since December 2024: About 18.4% of consumers said jobs were \u201chard to get,\u201d while 27.8% said jobs were \u201cplentiful,\u201d up from 18.2% and 26.9% in September, respectively.<\/p>\n
Government Shutdown Emerges As Economic Concern<\/p>\n
Stephanie Guichard, a senior economist at the Conference Board, said in a statement that consumers appeared to be \u201ca bit more pessimistic\u201d about future job availability and job conditions. Write-in comments from respondents remained \u201cmostly negative overall,\u201d but less so than in previous months, Guichard said, noting references to U.S. politics rose \u201cnotably,\u201d with the ongoing government shutdown mentioned \u201cmultiple times as a key concern.\u201d Rising prices and inflation, however, \u201ccontinued to be the main topic influencing consumers\u2019 views of the economy,\u201d Guichard said. A survey on consumer sentiment released last week from the University of Michigan found \u201clittle evidence\u201d the shutdown had deteriorated economic views.<\/p>\n
Read More<\/p>\n","protected":false},"excerpt":{"rendered":"Topline Americans are expressing lowered opinions about the U.S. economy as worries persist about a declining job market…\n","protected":false},"author":2,"featured_media":108690,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,22900,26396,16248,969,113,37509,61,1095,60,1681,4162,2237],"class_list":["post-108689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-conference-board","tag-consumer-confidence","tag-consumer-sentiment","tag-donald-trump","tag-economy","tag-government-shutdown","tag-ie","tag-inflation","tag-ireland","tag-job-market","tag-tariffs","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/108689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=108689"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/108689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/108690"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=108689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=108689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=108689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}