Consumers' outlook on the U.S. economy plunged in November to its lowest level in at least a year, as Americans lost faith in job prospects.
The Conference Board, a private research group, said Tuesday its index of consumer confidence fell to 90.4 from a revised 99.1 in October. The initial October reading was 97.6.
Economists surveyed by The Wall Street Journal had expected a reading of 99.5.
"Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions," said Lynn Franco, director of economic indicators at the board.
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