Consumer confidence surges as election nears, while job openings move lower

Consumers in the US are feeling more positive about the economy despite job openings hitting multi-year lows. The consumer confidence index for October saw a significant increase, indicating optimism about future conditions. Economists had expected a lower number, but consumers’ assessments of current business conditions improved. On the other hand, job openings decreased in September, falling below expectations. However, hires increased while quits fell. Overall, consumer sentiment is positive, even as job market conditions remain uncertain.