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Consumer Confidence Dips as Unemployment Hits 4.3%

10/29/2025

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Summary

Story summary

The Conference Board's Consumer Confidence Index fell to 94.6 in October from 95.6 in September, signaling weaker sentiment.
The unemployment rate is 4.3%, the highest since October 2021.
The government did not release its September jobs report because of a shutdown, and hiring slowed amid higher rates and tariffs under President Donald Trump.
Amazon and Target have announced significant job cuts.

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Story summary

The Conference Board's Consumer Confidence Index fell to 94.6 in October from 95.6 in September, signaling weaker sentiment.
The unemployment rate is 4.3%, the highest since October 2021.
The government did not release its September jobs report because of a shutdown, and hiring slowed amid higher rates and tariffs under President Donald Trump.
Amazon and Target have announced significant job cuts.