Consumer Confidence Slumps on Job Fears

[Bush_Eats_Beef]

http://story.news.yahoo.com/news?tmpl=story&cid=580&e=3&u=/nm/20040224/bs_nm/economy_consumers_dc

Quote:

"People are not happy. The big problem is the jobs situation. The lack of jobs has people scared," said David Wyss, chief economist at Standard & Poor's in New York.

"The number of consumers saying jobs were hard to get rose in February to 32.1 percent, up from January's 31.6 percent."


"Consumers' view of the future also deteriorated, taking the expectations index down to 96.8 from 107.8, while the present situation index declined to 73.1 from 79.4."


"This is disappointing given the recent rally in the equity markets and resumption of job growth in the U.S. It is quite surprising to see such a sharp pullback in confidence," said Sal Guatieri, senior economist at BMO Financial Group in Toronto. "Respondents are still finding increased difficulty in getting jobs and it suggests some risk to the economic outlook for the United States."


President Bush addressed this serious issue by focusing on the issue of gay marriage.

[GainesT1958]

1. I "trust" that Dub will wind up as...

The first pResident since Herbert Hoover to have a NET JOB LOSS (by a wide margin) during his term...and that will be issue #1 that will sink him!x(

B-)

[Bonhomme Richard]

2. Doesn't suprise me. I think people are tired of the Bullshit.

The administration can talk about increases in employment until they are blue in the face. It won't be believed until the average person starts seeing people they know getting good jobs, not walmart jobs.
That ain't goin to happen anytime soon.