By  on June 30, 2009

Persistent fears about the job market give rise to pessimism in June, ending three months of steady improvement in The Conference Board’s Consumer Confidence Index.

The June measure fell to 49.3 from a revised 54.8 in May. Both components of the Index fell, with the Present Situation Index declining to 24.8 from 29.7 and the Expectations Index decreasing to 65.5 from 71.5. Until last month’s decline, reported Tuesday, the overall index and the Expectations Index had been up every month since March, while the Present Situation had risen since April.

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