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Conference Board Consumer Confidence Index up in Feb
28 Mar '07
2 min read
Labor market conditions remain mixed. Consumers saying jobs are “hard to get” increased to 19.1 percent from 17.9 percent. Those claiming jobs are “plentiful,” however, increased to 30.5 percent from 27.8 percent in February. This series now stands at a five-and-a-half year high (August 2001, 33.6 percent).
Consumers' short-term outlook turned more cautious in March. Those anticipating business conditions to worsen rose to 9.8 percent from 8.2 percent. Those expecting business conditions to improve decreased to 14.5 percent from 15.9 percent.
The outlook for the labor market was also more pessimistic. Consumers expecting fewer jobs in the months ahead increased to 16.5 percent from 14.2 percent. Those anticipating more jobs to become available declined to 12.7 percent from 13.3 percent. The proportion of consumers expecting their incomes to increase in the months ahead fell to 17.5 percent from 19.2 percent in February.
Consumers' short-term outlook turned more cautious in March. Those anticipating business conditions to worsen rose to 9.8 percent from 8.2 percent. Those expecting business conditions to improve decreased to 14.5 percent from 15.9 percent.
The outlook for the labor market was also more pessimistic. Consumers expecting fewer jobs in the months ahead increased to 16.5 percent from 14.2 percent. Those anticipating more jobs to become available declined to 12.7 percent from 13.3 percent. The proportion of consumers expecting their incomes to increase in the months ahead fell to 17.5 percent from 19.2 percent in February.
The Conference Board
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