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Consumer confidence falls in November

Tuesday, 26 Nov 2013 | 10:25 AM ET
An employee rings up a customer at the Macy's Inc. flagship store in New York.
Ron Antonelli | Bloomberg | Getty Images
An employee rings up a customer at the Macy's Inc. flagship store in New York.

U.S. consumer confidence fell in November as Americans worried about their future jobs and earnings prospects, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes fell to 70.4 from a upwardly revised 72.4 the month before. Economists had expected a reading of 72.9, according to a Reuters poll.

October was originally reported as 71.2.

(Read More: Home prices in September see biggest gain since Feb 2006)

"Sentiment regarding current conditions was mixed, with consumers saying the job market had strengthened, while economic conditions had slowed,'' Lynn Franco, director of economic indicators at The Conference Board, said in a statement.

November consumer confidence: 70.4
CNBC's Rick Santelli reports the November consumer confidence number is 70.4.

"However, these sentiments did not carry over into the short-term outlook.''

The expectations index fell to 69.3 from 72.2, while the present situation index fell to 72.0, from 72.6.

Consumers' labor market assessment was little changed. The "jobs hard to get'' index ticked lower to 34.0 from 34.9 the month before, while the "jobs plentiful'' index ticked up to 11.8 percent from 11.6 percent.

(Read more: Americans are worried about work: Poll)

The dollar extended losses against the euro after the report.

By Reuters.

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