Economic Confidence Falters as Job Market Weakens Amid Tariff Pressures
Consumer confidence in the U.S. edges down amid mounting concerns over a stagnating job market and rising costs fueled by tariffs, signaling warning signs for American families and businesses.
As August closed, Americans found themselves less confident in the state of their own economy—an unsettling trend that reflects deeper challenges threatening our nation’s prosperity. The Conference Board's latest consumer confidence index slipped slightly to 97.4, continuing a worrying pattern of declining faith in economic stability.Why Are Hardworking Americans Losing Faith in the Economy?Despite historically low unemployment rates, the labor market is showing cracks that cannot be ignored. Job creation has slowed dramatically, with July’s addition of just 73,000 new jobs falling far short of expectations and recent revisions slashing hundreds of thousands from previous employment estimates. Even more troubling...
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