By  on May 29, 2012

U.S. consumers are worried.

The Conference Board’s Consumer Confidence Index in May declined for the third-straight month and suffered its biggest drop since October 2011, falling to 64.9.

The index’s high for the year was in February when it was 71.6, and the consensus among economists for May was that the index would tick back up to 70 from April’s 68.7. Consumers, however, showed anxiety about the jobs front. The Labor Department will release employment figures for May on Friday, and the jobless rate is expected to remain at 8.1 percent.


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