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Lorraine Mirabella | January 1, 2014
Consumer confidence is on the rebound. The Conference Board Consumer Confidence Index increased to 78.1 in December from 72.0 in November, the Conference Board said. The monthly consumer confidence survey looks at what consumers buy and watch. Confidence "is now close to pre-government shutdown levels," said Lynn Franco, director of economic indicators at the Conference Board. The index measured 80.2 in September. Consumers' feelings about current conditions increased to a more than five-year high thanks to perceptions of more favorable economic and labor market conditions.
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NEWS
July 30, 2014
Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years from a revised 86.4 in June. Lynn Franco, director of economic indicators at The Conference Board recently stated that "job growth helped boost consumers' assessment of current conditions while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations.
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BUSINESS
By Los Angeles Times | November 29, 1990
In a fresh sign of the American consumer's miserly mood, a leading research group reported yesterday that the typical U.S. family plans to spend about $325 on gifts this Christmas, $10 less than a year ago.The decline in holiday spending projected by the Conference Board was the first since the New York-based business research organization began polling consumers this way in 1987. It also came amid new indications of weakness in the retailing industry.The Conference Board report was based on a consumer confidence survey conducted in the first two weeks of November of 5,000 families across the country.
BUSINESS
Lorraine Mirabella | January 1, 2014
Consumer confidence is on the rebound. The Conference Board Consumer Confidence Index increased to 78.1 in December from 72.0 in November, the Conference Board said. The monthly consumer confidence survey looks at what consumers buy and watch. Confidence "is now close to pre-government shutdown levels," said Lynn Franco, director of economic indicators at the Conference Board. The index measured 80.2 in September. Consumers' feelings about current conditions increased to a more than five-year high thanks to perceptions of more favorable economic and labor market conditions.
NEWS
December 21, 1995
Fabian Linden, 79, an economist who developed the consumer confidence index of the Conference Board, died of colon cancer Monday in New York City. He also wrote more than 40 books, including "How We Spend Our Money."Mr. Linden joined the Conference Board, a worldwide business research organization, in 1957. Ten years later, he developed the consumer confidence index, which measures consumer attitudes and buying plans and is widely watched by business executives and Wall Street and is often cited by financial analysts to explain swings in stock and bond prices.
BUSINESS
By BLOOMBERG NEWS | June 30, 2004
NEW YORK - Consumer confidence in the U.S. economy surged in June to the highest level in two years, spurred by job gains and falling gasoline prices, a private survey found. The Conference Board's Consumer Confidence Index rose to 101.9 this month, from a revised 93.1 in May. The figure exceeded the highest estimate in a Bloomberg News survey of economists. The percentage of consumers who said they found jobs hard to find was the lowest level since September 2002. The economy has added 1.2 million jobs this year and economists expect more were added this month, boosting incomes and fueling expectations that the Federal Reserve will raise lending rates today to stem inflation.
BUSINESS
By BLOOMBERG NEWS | March 26, 1997
NEW YORK -- Americans' confidence in the economy slipped in March, and prospects for future months dimmed as well, although both gauges stuck close to recent months' high levels.The Conference Board said yesterday that its overall index of consumer confidence fell to 118.5 in March from a revised 118.9 in February, the highest level in almost eight years. Last month's index was originally reported as 118.4. Economists surveyed by Bloomberg News had expected a reading of 117.7 for this month's index.
BUSINESS
By New York Times News Service | May 26, 1993
Bill Clinton's economic program isn't playing any better on Main Street than the president's $200 haircut, according to the latest consumer confidence poll.Virtually all the postelection surge in optimism about the new administration's ability to turn the economy around quickly has evaporated, the Conference Board survey for May showed.Confidence in May plunged to the lowest level since October, the private research group said yesterday. And job worries are intensifying despite few reports of major new layoffs and Labor Department data suggesting that job growth picked up modestly in the past six months.
BUSINESS
February 24, 2010
NEW YORK - Americans' outlook on the economy went into relapse in February. Rising job worries sent a key barometer of confidence to its lowest point in 10 months. The Conference Board said Tuesday its Consumer Confidence Index fell almost 11 points to 46 in February, from January. Analysts were expecting only a slight decrease to 55. It was the lowest level since a 40.8 reading in April 2009. A reading above 90 means the economy is on solid footing. - Associated Press
BUSINESS
By BLOOMBERG NEWS | December 21, 2004
NEW YORK - The Index of Leading Economic Indicators rose in November for the first time in six months, buoyed by higher stock prices, the Conference Board reported yesterday. But the tiny 0.2 percent increase was too small to dispel concerns that the expansion will cool next year. "The economy is likely to continue to move in fits and starts," said David H. Resler, chief economist at Nomura Securities International Inc. in New York, who correctly forecast the amount of the gain in the Conference Board's index.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | September 23, 2013
Before the recession, Madie Green's home daycare was normally full. As parents lost their jobs and pulled kids out, the 55-year-old District Heights woman spent through her savings to keep up on her mortgage and auto payments. Her business still hasn't recovered to what it once was, and now she's so worried about whether she'll be able to retire that she is expanding into an after-school program for elementary and middle school students. Retirement seems more distant than ever.
BUSINESS
By Eileen Ambrose, Liz F. Kay and Andrea K. Walker, The Baltimore Sun | August 9, 2011
Bettie Dunkin was surprisingly unfazed by the financial turmoil of the last few days. The 53-year-old accountant, who had been out of work for months and only recently landed a temporary job, spoke for many Americans when she said: "We're getting numb. " Consumers and businesses have been buffeted by a spate of bad economic news in the past three years. For every positive sign that a recovery has taken hold, there were other signals that raised doubts. Then came Monday's stock market plunge on the heels of the unprecedented downgrade of the country's credit rating.
BUSINESS
February 24, 2010
NEW YORK - Americans' outlook on the economy went into relapse in February. Rising job worries sent a key barometer of confidence to its lowest point in 10 months. The Conference Board said Tuesday its Consumer Confidence Index fell almost 11 points to 46 in February, from January. Analysts were expecting only a slight decrease to 55. It was the lowest level since a 40.8 reading in April 2009. A reading above 90 means the economy is on solid footing. - Associated Press
BUSINESS
August 28, 2008
Sinclair drops plan to buy Va. TV station Sinclair Broadcast Group has halted previously announced plans to buy a CBS television station in the Richmond-Petersburg, Va., market for $85 million after the antitrust division of the U.S. Department of Justice denied approval. The Hunt Valley broadcaster, which owns and operates, programs or provides sales services to 58 television stations, had agreed to buy the assets of WTVR-TV (CBS 6) from Raycom Media Inc. Sinclair would have been required by Federal Communications Commission rules to sell the license to run WRLH-TV, a Fox affiliate that Sinclair owns in the Richmond market.
BUSINESS
By Molly Selvin and Molly Selvin,Los Angeles Times | January 21, 2007
Workers hoping that their wage increases will beat inflation should find some cheer this year. Employees are expected to see their paychecks grow by an average of 3.5 percent in 2007, according to projections by several compensation surveys. That should beat expected inflation of 2 percent to 3 percent, continuing a shift that began in recent months as the labor market has tightened and energy costs have fallen. Wage increases had generally lagged behind inflation since the 2001 recession.
BUSINESS
By Molly Selvin and Molly Selvin,Los Angeles Times | December 31, 2006
Workers hoping that their wage increases will beat inflation should find some cheer next year. Employees are expected to see their paychecks grow by an average of 3.5 percent in 2007, according to projections by several compensation surveys. That should beat expected inflation of 2 percent to 3 percent, continuing a shift that began in recent months as the labor market has tightened and energy costs have fallen. Wage increases had generally lagged behind inflation since the 2001 recession.
BUSINESS
By BLOOMBERG NEWS | December 1, 2004
NEW YORK - The Consumer Confidence Index unexpectedly fell last month to the lowest level in eight months as higher energy prices damped optimism among low-income Americans. The Conference Board reported yesterday that its index dropped to 90.5 from 92.9 in October, suggesting that retail sales are poised to slow. In another development, the Commerce Department reported that the gross domestic product - the value of all goods and services produced in the United States - increased at an annual rate of 3.9 percent in the third quarter.
BUSINESS
August 28, 2008
Sinclair drops plan to buy Va. TV station Sinclair Broadcast Group has halted previously announced plans to buy a CBS television station in the Richmond-Petersburg, Va., market for $85 million after the antitrust division of the U.S. Department of Justice denied approval. The Hunt Valley broadcaster, which owns and operates, programs or provides sales services to 58 television stations, had agreed to buy the assets of WTVR-TV (CBS 6) from Raycom Media Inc. Sinclair would have been required by Federal Communications Commission rules to sell the license to run WRLH-TV, a Fox affiliate that Sinclair owns in the Richmond market.
NEWS
October 5, 2005
Numbers--Consumer confidence suffered its biggest drop in 15 years in September, a decline blamed on the rising energy anxiety, the Conference Board said. Tip of the Week: Would you go to an interview barefoot? Sending a resume without careful preparation is like going on a job interview without your shoes. Your resume is your foot-in-the door. Make a good impression. What do you want the employer to know about you? What key skills and competencies are required for the position? Make sure there are no misspellings.
BUSINESS
By BLOOMBERG NEWS | December 29, 2004
NEW YORK - U.S. consumer confidence jumped to a five-month high last month, beating the most optimistic forecast, as more Americans said jobs are plentiful and the outlook for the economy brightened. The Conference Board's index rose to 102.3 from a revised 92.6 in November, stronger than was first reported. Expectations for the economy over the next six months climbed to the highest level since July. "We expect the consumer to roll into 2005 on a high note, as hiring is poised to accelerate and income gains will pick up as well," said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Conn.
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