US Consumer Confidence Falls on Labor Market Worries
Bloomberg Markets and Finance
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July 28, 2026 at 04:15 PM UTC
Bearish
85% Confidence
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Key Points
- US July Consumer Confidence: 90.8 (Estimate: 92.4, Prior: 92.2 revised).
- Present Situation Index: fell to 114.9 from 116.4.
- Expectations Index: rose slightly to 74.7 from 74.4.
- Labor Market: 'Jobs plentiful' fell to 24.5 from 25.5, while 'jobs hard to get' fell to 21.5 from 21.7, indicating a slight improvement in 'no change' in jobs.
AI Summary
US consumer confidence for July declined to 90.8, falling below the estimated 92.4 and the revised June figure of 92.2. This drop was unexpected, despite falling gasoline prices, and was primarily attributed to deteriorating views on current business conditions and the labor market, indicating less confidence in the economy's direction.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bearish | 85% |
| Consensus | Bearish | 85% |