Economy Continues Struggle with Job Outlook Bleak, says Report

Economy Continues Struggle with Job Outlook Bleak, says Report

Economy Continues Struggle with Job Outlook Bleak, says Report

According to the latest Consumer Reports Index, consumer difficulties are in a decline, however the report found that the job picture for Americans continues to worsen and retail activity is once again starting to fall off.  Even with consumer difficulties improving, the report paints a bleak picture for an economy struggling to recover.

The September Consumer Reports Employment Index was down once again in September.  The fall to 49.1 was a decline from August when the index stood at 50.2, the index in August was also lower than the index of July.  Americans are also finding new jobs at a lower rate compared to the previous two months.  The report found that in September only 5.0 percent of Americans had started a new job within the past 30 days, while in August 5.9 percent had started new work.  July featured a recent high with 7.8 percent of Americans reporting a new job in the previous thirty days.

The Consumer Reports Retail Index found that retail activity for August also continued to decline.  Over the past 30 days, the Retail Index is down nearly 2 points, to 9.8, from the previous month.  The new figures are also down from a year ago when the Retail Index for September was 11.0; the most recent measure is the lowest the index has been since November of 2009.

While the economy continues to struggle, the Consumer Reports Trouble Tracker has shown positive signs.  The tracker fell to 53.7 in September from 56.6 in August, and has continued to fall each of the past three months.

Even though the Trouble Tracker has improved, the Consumer Sentiment Index has slipped the past couple of months.  The index currently sits at 44.1 continuing a fall from a recent high of 45.2 in July.  While the index has experienced a two-month decline, the number has changed little since October of 2008 when it stood at 45.3


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