US sentiment remains dim, with consumers seeing higher prices and weaker incomes

US consumer sentiment deteriorated slightly in November as Americans fretted about high prices, weaker incomes, and possible job losses.

That’s according to the University of Michigan’s final reading of its survey of consumers. Preliminary data released earlier this month showed plunging sentiment for November, with overall sentiment hitting 50.3 amid concerns about the effect of the government on the economy.

Sentiment improved slightly after the shutdown ended Nov. 12, reaching a level of 51 — lower than October’s 53.6 and down 29% from one year ago.

Read more: What is consumer confidence, and why does it matter?

Still, that didn’t totally quiet consumers’ anxiety. For one, the government’s funding agreement only lasts until the end of January. In the meantime, Americans are facing the prospect of spiking health insurance premiums, an unemployment rate that’s higher than it was a year ago, and stubborn inflation.

This is a developing story. Check back for updates.

Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at emma.ockerman@yahooinc.com.

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