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NEW YORK (AP) — THE NEWS: The Conference Board, a private research group, said its Consumer Confidence Index stands at 62.0 for June, down from a revised 64.4 reading in May and below the 63.2 economists were expecting. The measure hasn't been near the 90 reading that indicates a healthy economy since December 2007.
THE CONTEXT: Growing concerns about jobs and wage growth are outweighing any benefits from falling gasoline prices.
WHAT'S NEXT: More information on the jobs market will emerge July 6, when the federal government reports on June unemployment