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.

Economists Drive AMC Gremlins

"The speech also came the same morning the Labor Department reported. . . . inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly."
-- Associated Press