The consumer confidence index slid to 90.4 in November from a revised 99.1 last month, The Conference Board reported Tuesday.
The October index was originally reported as 97.6.
Economists polled by Thomson Reuters predicted a 99.5 reading for the index.
The present situation index slipped to 108.1 from a revised 114.6, first reported as 112.1, while the expectations index fell to 78.6 from a revised 88.7, first reported as 88.0.
"Consumer confidence retreated in November, following a moderate decrease in October," said Lynn Franco, director of The Conference Board's economic indicators. "The decline was mainly due to a less favorable view of the job market. Consumers' appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions."
Business conditions were called "good" by 24.4% of respondents in November, off from 26.8% in October. Those saying conditions are "bad" slid to 16.9% from 18.3%.
The percentage of consumers expecting a pickup in business conditions in the next half year fell to 14.8% from 18.1%, while 11.0% said they expect conditions to worsen, up from 10.4% in the prior month.
On the jobs front, those who believe jobs are "plentiful" slipped to 19.9% in November from 22.7% in October, while the number saying jobs are "hard to get" rose to 26.2% from 24.6%. The respondents who see fewer jobs becoming available in a half year, increased to 18.7% from 16.6%. Those expecting more jobs to become available dipped to 11.6% from 14.4%, The Conference Board reported.
The consumer confidence survey is based on a probability design random sample by the Nielsen Company.
