U.S. consumer confidence just sank to its lowest level in nearly 12 years, according to new numbers from the Conference Board. Job Insecurity Is a Key CulpritVioletaStoimenova / istockphotoAccording to the report, consumers’ views of the labor market weakened sharply, with perceptions of job availability hitting their worst level in nearly five years. That gap, known as the labor market differential, dropped to its lowest level since early 2021, a metric that tends to move in step with unemployment. So did concerns about trade policy, the labor market, and healthcare costs. Does this latest report reflect your own experiences as a consumer?