Job Worries Lower Consumer Confidence In September

Jan. 13, 2005
By John S. McClenahen Despite the fact that U.S. consumers, whose outlays account for about two-thirds of U.S. GDP, keep spending at relatively high levels, they aren't all that happy about the near-term economic future. The consumer confidence index ...
ByJohn S. McClenahen Despite the fact that U.S. consumers, whose outlays account for about two-thirds of U.S. GDP, keep spending at relatively high levels, they aren't all that happy about the near-term economic future. The consumer confidence index compiled by the Conference Board, a New York-based business research group, fell to 76.8 (1985 = 100) last month, nearly five points below August's 81.7. The percentage of respondents to the group's Consumer Confidence Survey anticipating the U.S. job market to improve in the next six months fell to 16.7% in September from 18% in August. Those expecting fewer jobs to become available increased to 21% from 18.6%. The survey is based on a representative sample of 5,000 U.S. households and is conducted for the Conference Board by NFO WorldGroup.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!