According to Deep Tide TechFlow, on August 26, as reported by Jinshi Data, the U.S. Consumer Confidence Index slightly declined in August due to increasing public concern about job prospects. Data released on Tuesday showed that the U.S. Conference Board Consumer Confidence Index fell to 97.4 in August. The sub-index measuring expectations for the next six months declined in August, while the present situation index dropped to its lowest level since April.
Consumer confidence remains significantly below pre-pandemic levels, and the recent slowdown in the labor market has exacerbated economic concerns triggered by Trump's tariff policies. Job growth and wage increases have significantly slowed, and the difficulty of reemployment for the unemployed continues to rise.
The proportion of consumers who believe that "jobs are hard to find" has risen for the second consecutive month, reaching the highest level since 2021; the proportion that believes "jobs are plentiful" has remained roughly stable. The difference between these two indicators (a key measure used by economists to gauge the labor market) has slightly narrowed, continuing a steady downward trend over the past three years.