Consumer Confidence Down in April

May 1, 2014 by

Consumer Confidence Down in April

Consumer confidence decreased in April. Economists believe that this may be related to the difficult job market. One way that this is manifesting is that consumers are putting off major purchases.

Due to the interconnected nature of our economy, a decrease in consumer spending also decreases business revenues. Unfortunately, the types of businesses often most affected by decreased consumer spend are small businesses and local restaurants.

However, consumer confidence is likely to improve if hiring rates increase. The Labor Department will release its employment report for April on Friday May 2nd. Economists predict that April will have better jobs numbers than March, which had fallen compared to February.

Read the full article at abcnews.com

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