Consumer confidence remains low as US hiring slows sharply in June
By
Michelle Chapman
Summary
The article reports on persistently gloomy consumer attitudes toward the U.S. economy despite a slight improvement in June's consumer confidence index (91.2, up from 95.2 a year ago). It highlights that rising costs at grocery stores and gas stations continue to strain households and businesses. Additionally, U.S. employers added only 57,000 jobs in June—less than half the previous month's total—indicating cautious corporate outlooks amid ongoing inflation concerns.
Source
bskyConsumer confidence remains low as US hiring slows sharply in Juneapnews.comKey quotes
· 4 pulledAmericans' attitudes toward the economy improved slightly this month as gas prices declined, but their outlook is still mostly negative by historical standards.
The Conference Board said Tuesday that its consumer confidence index rose slightly to 91.2 in June, a figure that is still below its year-ago reading of 95.2.
U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month's total and a sign companies still have a cautious economic outlook.
Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses.
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