Industry News

Jobs outlook improves for 2005

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The Conference Board's consumer confidence index, which had been on the decline since August, rebounded in December, as consumers grew more upbeat about job prospects and the economy. The index now stands at 102.3 (1985=100), up from 92.6 in November. The expectations index rose to 99.9 from 90.2. The present situation index increased to 105.9 from 96.3. Consumers' assessment of current conditions was significantly more favorable than last month. Those claiming business conditions are "good" increased to 24.4 percent from 23.2 percent, while those claiming conditions are "bad" fell to 17.8 percent from 20.2 percent. The employment picture also improved in December. Consumers saying jobs are "plentiful" increased to 19.4 percent from 17.1 percent, while those claiming jobs are "hard to get" declined to 26.4 percent from 28 percent. "The continuing economic expansion, combined with job growth, has consumers ending the year on a high note," said Lynn Franco, director of The Conferen...