Consumer Confidence Plummets in November
Update: 2025-11-25
Description
American consumer confidence plummeted in November, reaching its second-lowest point since April, as The Conference Boards reading fell to eighty-eight point seven. This marks the tenth consecutive month of short-term expectations for income, business, and job market conditions staying below the eighty-point threshold, a historical indicator of potential recession. Additionally, a University of Michigan survey revealed that sixty-nine percent of consumers expect unemployment to rise over the next year, further fueling concerns about the economys future.
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