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Consumers show more worry in September
Confidence index fall sharply on concerns about job market
WASHINGTON (MarketWatch) — The disappointing jobs report for August took a toll on the psyche of Americans: the consumer confidence index fell sharply in September and posted its first decline in five months.

The U.S. consumer confidence index fell to 86.0 in September from a revised 93.4 in August, the nonprofit Conference Board said Tuesday. Economists polled by MarketWatch had expected the index to decline slightly, but not by as much as it did.

An index that looks at what consumers feel about the “present” state of the economy fell to 89.4 from 93.9. Another gauge that examines their outlook for the future slid to 83.7 from 93.1.

Lynn Franco, director of economic indicators at board, said the August employment report apparently led many Americans to think the economy is slowing even though a ream of more recent data suggest growth remains fairly strong.

“A less positive assessment of the current job market, most likely due to the recent softening in growth, was the sole reason for the decline in consumers’ assessment of present-day conditions,” Franco said. http://www.marketwatch.com/story/consumers-show-more-worry-in-september-2014-09-30