ECONODAY: Consumer confidence slowed in May in what is, however, a mixed report that includes some positives. The headline index fell 2.1 points to a lower-than-expected 92.6 vs a revised 94.7 in April. The assessment of the jobs market is mostly lower but not entirely. In a negative, those describing jobs as currently hard to get rose 1.6 percentage points to 24.4 percent but April's 22.8 percent was unusually low and a likely outlier. Looking at the future assessment of the jobs market, more see fewer jobs ahead, at 18.1 percent vs. April's 16.7 percent...
The Most Depressing Chart In The U.S. - May 2016
ECONODAY: Consumer confidence slowed in May in what is, however, a mixed report that includes some positives. The headline index fell 2.1 points to a lower-than-expected 92.6 vs a revised 94.7 in April. The assessment of the jobs market is mostly lower but not entirely. In a negative, those describing jobs as currently hard to get rose 1.6 percentage points to 24.4 percent but April's 22.8 percent was unusually low and a likely outlier. Looking at the future assessment of the jobs market, more see fewer jobs ahead, at 18.1 percent vs. April's 16.7 percent...