The Conference Board’s Consumer Confidence Index, which measures attitudes toward the economy and the job market, fell to 101.3 in April, down from 104 in March and marking the lowest level since July 2022. The business group’s measure of economic expectations fell in April and has remained below a threshold “associated with a recession within the next year” for every month since February 2022, with the exception of an uptick in December.
Employers added 236,000 jobs in March, the smallest gain in two years, and job openings fell below 10 million for the first time since May 2021. Large companies have continued to announce layoffs, such as 3M, which announced on Tuesday that it is cutting 6,000 jobs. The April survey showed that worries about the economy slipping into a recession persisted last month.
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