Conference Board Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years

Conference Board Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years The Conference Board's measure of Americans' Consumer Confidence fell more than expected in July, from an upwardly revised 92.2 to 90.8 (well below the 92.4 expectation)... The Present Situation index fell to 114.9 (below 117.5 exp) -  its weakest since Feb 2021 while Expectations were unchanged at 74.7 (very slightly better than the 74.4 exp). “Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021,” said Dana M Peterson, Chief Economist, The Conference...