Newsworthy on this Wednesday Afternoon
2 hours ago
Tuesday, February 23, 2010
Consumers Fall
Yet again people are losing faith in the economy. The over all consumer confidence is at an all time historic low since april of 2009. People feel that things are worse now then they have ever been. With the consumer index showing that 19.4% out of 5,000 survayed homes think that the economy is ok. This is an all time low over the past 27 years. People bealive that things are worse than when the stock market crash of 2008. Expecatations for the future are to be low. The outlook on the over all labor maket was even worse then the economy standings in the eyes of americans. An over all 18.4% people bealive that the job market will get better, form the previouse month 24.6% of people thought it would get better. It seems that people are loseing hope in the job market as well as the economy. What has happened in this one short month to make people think that things cant change?
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2 comments:
I wonder why people are losing more and more hope. I thought the economy was recently getting better little by little.
I feel that people expected Obama to fix the economy in a very short amount of time ever since we had Obama has the new President. However, people are starting to loose their patience regardless of how bit of positive improvements the economy is starting to show.
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