A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. <\/p>\n
Spencer Platt | Getty Images<\/p>\n
Consumers soured on the current economy and their prospects for the future, with worries growing over the ability to find a job, according to a Conference Board survey released Tuesday.<\/p>\n
The board’s Consumer Confidence Index<\/a> for November slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading since April. Economists surveyed by Dow Jones were looking for a reading of 93.2.<\/p>\n In addition, the expectations index tumbled 8.6 points to 63.2, while the present situation index slipped to 126.9, a decline of 4.3 points.<\/p>\n “Consumers were notably more pessimistic about business conditions six months from now,” said Dana Peterson, the board’s chief economist. “Mid-2026 expectations for labor market conditions remained decidedly negative, and expectations for increased household incomes shrunk dramatically, after six months of strongly positive readings.”<\/p>\n A key reading within the report that measures job expectations showed deterioration.<\/p>\n The share of workers saying that jobs are “plentiful” slid to 6%, down from 28.6% in October and reflective of the “no hire, no fire” current job climate showing in other data points. Another question asking whether jobs were “hard to get” edged lower to 17.9%, a drop of 0.4 percentage point.<\/p>\n Those results come the same day that payrolls processing firm ADP reported that private companies shed an average 13,500 jobs<\/a> over the past four weeks. Moreover, the Conference Board survey is consistent with other measures showing weakening sentiment among consumers.<\/p>\n