People wait in line to enter a job fair in Seattle, Washington (File)
U.S. consumers are feeling less confident due to worries about the weakening job market.

A survey from a private research group, the Conference Board, released Tuesday showed consumer confidence fell in July for the second month in a row. The index dropped from a reading of 49.3 in June to 46.6.

The U.S. unemployment rate is at a 26-year high of 9.5 percent and officials warn it is likely to go higher. These job losses cut into U.S. incomes, making Americans less likely to spend money.

Economists closely watch confidence as an indication of future consumer spending, which accounts for more than 70 percent of all U.S. economic activity.

Some information for this report was provided by AFP and AP