U.S. Economic News
September 24, 2019
U.S. Economic Indicators
The Conference Board’s Consumer Confidence Index declined from 134.2 (revised) in August to 125.1 in September. Consumer Confidence eased for a second month in a row as consumers were somewhat less positive in their assessment of current and future conditions. Conference Board Report
U.S. News
The Wall Street Journal reports that the share of lower-income Americans leaving their jobs for new ones has risen to its highest level since 2014, suggesting that workers left behind earlier in the expansion are benefiting from higher-paying job opportunities. This trend likely explains the broader increase in the share of workers quitting their jobs, with the official quits rate edging up to 2.4% in July. WSJ
According to the Washington Post, the planned trade agreement between the U.S. and Japan has been delayed over Japanese concerns that auto and auto parts shipments to the U.S. may still face punitive levies in the near future. Last year, Japan shipped more than $40 billion worth of vehicles to the U.S., along with over $1.8 billion worth of auto parts. WaPo