American consumer confidence has fallen for the fifth consecutive month, with views on employment becoming more pessimistic.

Consumer confidence in the United States has declined for the fifth consecutive month, with respondents becoming increasingly pessimistic about the labor market and business environment. Data released on Tuesday by the World Federation of Major Enterprises showed that the consumer confidence index dropped from 92.9 in the previous month to 89.1, marking the longest decline since 2008. The present situation index, reflecting current conditions, fell to 116.8, the lowest level since February 2021; while the expectations index for the next six months remained unchanged in December. High inflation and concerns about the labor market have weighed on consumer confidence throughout the year, with the index lingering near its lowest levels since the pandemic. Weak job growth, rising unemployment, and inflation rates still above the Federal Reserve's target have contributed to this. Economists predict that hiring activities will remain moderate next year, with limited improvement in the unemployment rate, which could continue to dampen consumer confidence. They also anticipate that wage growth will further slow down in 2026, potentially exacerbating consumption disparities among different income groups.