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Article: Job worries persist; Americans gloomy on economy
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- July 29, 2009
- Author:
CopyrightCopyright 2009 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK -- Americans are looking past the stock market surge and
signs of a stabilizing economy and focusing on something more
personal -- job worries.
Consumer confidence fell this month, the Conference Board said
Tuesday, presenting a big obstacle for already hammered stores as
they head into the critical back-to-school shopping season.
The confidence index fell to 46.6, down from 49.3 in June and
weaker than what economists were expecting. It takes a reading above
90 to signal Americans believe the economy is on solid footing.
The second straight month of declining confidence followed an
upbeat report offering more evidence that the real estate market is
showing signs of life. According ...