Consumer confidence slides in June

[OhioChick]

Source: Reuters

Tue Jun 30, 2009 11:09am EDT

NEW YORK (Reuters) - U.S. consumer confidence fell in June after two straight months of gains.

The Conference Board, an industry group, said on Tuesday its index of consumer attitudes dropped to 49.3 from 54.8 in May. The Present Situation Index slid to 24.8 from 29.7.

Americans saying jobs are "hard to get" increased to 44.8 percent from 43.9 percent the previous month, while those saying jobs are "plentiful" slid to 4.5 percent from May's 5.8 percent.

"The decline in the Present Situation index, caused by a less favorable assessment of business conditions and employment, continues to imply that economic conditions, while not as weak as earlier, are nonetheless weak," said Lynn Franco, director of The Conference Board's Consumer Research Center.



Read more: http://www.reuters.com/article/businessNews/idUSTRE55T3UJ20090630

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Well hell, either one doesn't have a job or are afraid of losing their job.

[tom_paine]

1. But...but...but...Corporate Toady M$M assures us green shoots and recovery is just around the corner

:puke:

[OhioChick]

2. I wouldn't hold my breath. n/t

[Dr.Phool]

3. Those green shoots are poison ivy.

Don't touch that shit.

[hugo_from_TN]

5. Yep - I don't think the stimulus is working.

[Lugnut]

4. Gas prices went up too.

The fear of $4 a gallon prices might be a factor as well.