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Wednesday, September 25, 2013

Consumer Confidence Dips As Jobs Outlook Dims

WASHINGTON — Americans’ confidence in the economy fell slightly in September from August, as many became less optimistic about hiring and pay increases over the next six months.

The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence index dropped to 79.7 in September. That’s down from August’s reading of 81.8, which was slightly higher than previously estimated.

Consumers’ confidence is closely watched because their spending accounts for 70 percent of economic activity. The September reading was only slightly below June’s reading of 82.1, the highest in 5 ½ years.



Anonymous said...

Yup - just had to take a pay cut - just to keep working.....

Anonymous said...

Republicans mantra 2012 was jobs, jobs, jobe. Where is that at?

Anonymous said...

Are these statistics seasonally adjusted and adjusted for inflation???

Anonymous said...

7:27 That was their mantra in 2010. The two extra years only make it worse