Odaily Planet Daily reported that the U.S. consumer confidence index fell slightly in August as people's concerns about the job outlook intensified. Data on Tuesday showed that the Conference Board Consumer Confidence Index in the United States fell to 97.4 in August. The sub-indicator measuring expectations for the next six months fell in August, while the current situation index fell to its lowest level since April. Consumer confidence continues to be far below pre-pandemic levels, and the recent slowdown in the labor market has exacerbated economic concerns caused by Trump's tariff policy. Job growth and wage increases have slowed significantly, and it continues to become more difficult for unemployed people to find reemployment. The proportion of consumers who believe that "jobs are difficult to find" rose for the second consecutive month, reaching the highest level since 2021; the proportion who believe that "jobs are plentiful" remained basically unchanged. The difference between the two indicators (important indicators used by economists to measure the labor market) narrowed slightly, continuing the steady downward trend of the past three years. (Jinshi)
