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.
More Quotes from Lynn Franco:
The shock of the hurricanes and subsequent leap in gas prices has begun wearing off just in time for the holiday season.Lynn Franco
Consumers appear to have less Christmas spirit heading into Thanksgiving this year than last year,
Lynn Franco
This degree of pessimism, in conjunction with the anticipation of much higher home heating bills this winter, may take some of the cheer out of the upcoming holiday season.
Lynn Franco
While the Index remains below its pre-Katrina levels, the shock of the hurricanes and subsequent leap in gas prices has begun wearing off just in time for the holiday season. Despite this latest boost in confidence, holiday spending will be driven by the bargains consumers have come to expect.
Lynn Franco
While the latest signals suggest that U.S. economic activity should decelerate in coming months, consumers are not expecting this record-breaking economic expansion to end any time soon.
Lynn Franco
While nearly 90 percent of consumers say they will not cut back on their buying plans, it's important to note that this figure is very likely to fall as widespread layoffs begin to materialize,
Lynn Franco
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Based on Topics: Labor Quotes, Unemployment QuotesBased on Keywords: deflating
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