Consumer confidence slipped in June
NEW YORK – Americans can’t seem to shake their uneasy feeling about the economy.
Consumer confidence fell in June for the fourth consecutive month as worries about jobs and the overall economy outweighed relief at the gas pump and an improvement in the housing market, according to a private research group.
The decline was modest; the Conference Board said Tuesday that its Consumer Confidence Index fell from 64.4 in May to 62 in June. But the four-month slide from 71.6 in February is significant and corresponds with a slowdown in hiring by U.S. companies over the same period.
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