Tags: Rasmussen | Investor | Confidence | Jobs

Rasmussen: Investor Confidence Falls in Wake of Jobs Report

Monday, 04 June 2012 07:42 AM

Dreary U.S. jobs data is bruising both investor and consumer confidence.

The Bureau of Labor Statistics reported last week that in May, the U.S. economy added a scant 69,000 nonfarm payrolls, far below expectations for a gain of around 150,000 and fueling fears the country is facing a more sustained slowdown and not just running into a soft patch.

The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, fell to 88.6 on June 2 from 93.5 on June 1, the day the jobs report was released, before regaining a point on June 3 to hit 89.7

Editor's Note: The Final Turning Predicted for America. See Proof.

"Consumer confidence is down five points from a week ago, down two points from a month ago, and down one point from three months ago," Rasmussen reports.

Investors remain worried as well, with that index down to 93.5 as of Sunday.

"The Rasmussen Investor Index dropped another point on Sunday after falling seven points the day before," Rasmussen adds.

"At 93.5, investor confidence is down eight points from a week ago, down four points from a month ago, and down eleven points from three months ago."

Other polls, meanwhile, point to a more longer-term pessimism over the U.S. economy.

Some 60 percent of Americans feel the next generation won't enjoy a decent opportunity to live better lives than their parents did, a Gallup poll finds.

Both older and younger Americans were largely pessimistic, with doubts arising as to whether hard work will bring about success as it did for previous generations and also whether people are willing to work hard and get ahead knowing it may prove fruitless.

"Americans are highly ambivalent about the nation's success at meeting the promise of the American Dream. Nearly half seem to doubt that Americans have either the willingness or the opportunity to get ahead through hard work," Gallup finds.

"And perhaps as a result, they are generally dubious that the members of the next generation have the opportunity to be better off than their parents. Whether this pessimism hurts (President Barack) Obama's chances for re-election isn't clear, but it suggests there isn't a broad sense of optimism about American economic opportunity to help him."

Editor's Note: The Final Turning Predicted for America. See Proof.

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Monday, 04 June 2012 07:42 AM
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