As the economic ramifications of Sept. 11 continue to reverberate in the coming weeks and months, and the number of layoffs continues to rise, the economy faces tougher times ahead, ... While consumers have managed to keep the U. S. out of a recession for several years now, that soon may no longer be the case.
More Quotes from Lynn Franco:
Widespread layoffs and rising unemployment do not signal a rebound in confidence anytime soon, ... With the holiday season quickly approaching, there is little positive stimuli on the horizon.Lynn Franco
Hurricane Katrina, coupled with soaring gasoline prices and a less optimistic job outlook, has ... created a degree of uncertainty and concern about the short-term future.
Lynn Franco
The rising level of unemployment and sentiment that a turnaround in labor market conditions is not around the corner have contributed to deflating consumers' spirits this month. Expectations are likely to remain weak until the job market becomes more favorable.
Lynn Franco
The improvement in the present situation Index, especially in the jobs component, suggests that consumers believe a slow but sure labor market turnaround is underway. The rise in expectations is a signal that consumers will end this year much more upbeat than when the year began.
Lynn Franco
Hikes in interest rates, severe drought conditions in the Northeast, and rising gasoline prices have helped dampen overall consumer optimism.
Lynn Franco
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Based on Topics: Economics QuotesBased on Keywords: layoffs, ramifications, reverberate
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