Tuesday, December 28, 2010

Dark Job Outlook Restrains Negative Feelings?

From Bloomberg: "Confidence among U.S. consumers unexpectedly fell in December, restrained by concern that jobs will remain scarce in 2011."

I'm not sure why any economist would be surprised at a drop in consumer confidence after reports of slow job growth.

However, I am sure the Bloomberg story says the drop in confidence was restrained by concerns about job scarcity.

That makes even less sense so I'll just go away now.

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