A busy summer and job fears
Memorial Day has come and gone and that means summer is now in full swing. Anyone ready for a vacation? For most people that may seem like a loaded question. “Of course I am ready,” you say, “but who has the time?”
As we have said before, the industry is continuing its slow gradual trek back to prosperity, but the latest report coming out today from the Conference Board is saying consumer confidence for May was not as positive as in previous months as fears abounded about the economy’s future and the job outlook.
The consumer confidence index fell over six points to 103.2, down from the revised 109.8 in April.
''Consumer confidence, which reached a four-year high in April, lost ground in May,'' said Lynn Franco, director of the New York-based Conference Board Consumer Research Center. ''Apprehension about the short-term outlook for the economy, the labor market and consumers' earning potential has driven the Expectations Index down to levels not seen since the aftermath of the hurricanes last summer.''
Still, Franco said, consumers rate current conditions favorably.
Manufacturers remain busy, but the report said job fears are a top reason for the lack of confidence.
Where does the job outlook stand with you?
Talk to me.
As we have said before, the industry is continuing its slow gradual trek back to prosperity, but the latest report coming out today from the Conference Board is saying consumer confidence for May was not as positive as in previous months as fears abounded about the economy’s future and the job outlook.
The consumer confidence index fell over six points to 103.2, down from the revised 109.8 in April.
''Consumer confidence, which reached a four-year high in April, lost ground in May,'' said Lynn Franco, director of the New York-based Conference Board Consumer Research Center. ''Apprehension about the short-term outlook for the economy, the labor market and consumers' earning potential has driven the Expectations Index down to levels not seen since the aftermath of the hurricanes last summer.''
Still, Franco said, consumers rate current conditions favorably.
Manufacturers remain busy, but the report said job fears are a top reason for the lack of confidence.
Where does the job outlook stand with you?
Talk to me.

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