Pursuits
U.S. Economy: Confidence Falls on Concern Over Jobs
This article is for subscribers only.
Confidence among U.S. consumers unexpectedly fell in December, restrained by concern that jobs will remain scarce in 2011.
The Conference Board’s confidence index unexpectedly fell to 52.5, lower than the most pessimistic forecast of economists surveyed by Bloomberg News, figures from the New York-based research group showed today. Another report showed home values dropped more than economists projected.