Consumer confidence in the U.S. has experienced a significant boost ahead of the presidential election. The Conference Board's consumer confidence index for October rose by over 11% to a reading of 138, marking the largest monthly increase since March 2021.

The expectations index for future conditions also saw a notable jump of nearly 8%, reaching 89.1, which is well above the recessionary threshold of 80. Chief economist Dana Peterson observed a positive shift in consumers' assessments of current business conditions and a rebound in views on job availability.

On the other hand, the Bureau of Labor Statistics reported a decline in job openings. In September, job openings fell to 7.44 million, a decrease of over 400,000 from the previous month and the lowest level since January 2021. This figure was below Wall Street's forecast of 8.0 million. The ratio of job vacancies to available workers has dropped to below 1.1 to 1, down from over 2 to 1 in mid-2022. Despite the decline in openings, hiring increased by 123,000 in the same month, while separations remained stable and quits decreased by 107,000.