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Consumer Confidence Future Jobs
Small Business Webinars - Consumer confidence. A recent report by the Conference Board shows that consumer confidence is plummeting. In June, the group's Consumer Confidence Index dropped by nearly 10 points, its second-biggest one-month decrease in a year. The report also shows that consumers' assessments of their current situations and their future job prospects are turning increasingly negative. This has touched off concerns that a skeptical consumer base could stand in the way of a recovery. Still, Lynn Franco, director of the Consumer Research Center at the Conference Board, says she hasn't seen evidence that sentiment is bad enough to spark a double-dip recession. "It doesn't look like it's an indication of a double-dip. It's really just the fact that until consumers see more proof--and that being more growth in the labor market--we're likely to continue at these levels," she says. Also, consumer confidence is by no means easy to measure. Just a few days before the Conference Board released its numbers, a Thomson Reuters/University of Michigan survey indicated that consumers are actually quite content. In stark contrast to the Conference Board's results, this survey showed consumer sentiment at its best levels since January 2008.
Abogados July 6, 2010 11:28 AM