US Consumer Confidence Slumps to Near 3-Year Low

US Consumer Confidence Slumps to Near 3-Year Low
A shopper passes a self-distancing queue outside Trader Joe's, as they limited the amount of shoppers allowed in the store to help prevent the spread COVID-19, in Bailey's Crossroads, VA on March 31, 2020. Kevin Lamarque/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

U.S. consumer confidence dropped to a near three-year low in March as households worried about the economy’s near-term outlook amid the COVID-19 pandemic.

The survey from the Conference Board on Tuesday came in the wake of reports last week showing the number of Americans filing for unemployment benefits surging to a record 3.28 million in the week ending March 21, and business activity hitting an all-time low in March.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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