business news in context, analysis with attitude

Bloomberg reports that the Conference Board said that its index of consumer confidence rose to 96.8 this month from a revised 91.7 in December.

However, the Conference Board also said that the number of people who thought jobs were easy to obtain fell from 12.6 percent to 12.4 percent, and the number who said jobs were not plentiful now rose to 56.2 percent, from 55 percent.

"People are more optimistic but the consumer is still worried about their job situation," a Conference Board economist, Delos Smith, said. "Jobs, jobs, jobs is everybody's concern."
KC's View:
We suspect that when they were measuring consumer confidence, the Conference Board didn’t talk to the folks at Meijer who are being laid off. Or the folks at Steelcase. Or Kraft. Or any of the 3,500 people who are being laid off by bankrupt KB Toys, which said just yesterday that it will let those people go as it closes 375 stores. Or folks from any of the other companies that have announced layoffs since the beginning of the year.