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Consumer Comfort: Modest Uptick

METRIC PAUSES AFTER MONTH-LONG SLIDE || By FITSNEWS || After a month-long slide, consumer comfort in America ticked up ever-so-slightly this week. Bloomberg’s Consumer Comfort Index (CCI) stood at 40.7 this week – up from last week’s reading of 40.3. Take a look at the trend lines … (Click to…

METRIC PAUSES AFTER MONTH-LONG SLIDE

|| By FITSNEWS || After a month-long slide, consumer comfort in America ticked up ever-so-slightly this week.

Bloomberg’s Consumer Comfort Index (CCI) stood at 40.7 this week – up from last week’s reading of 40.3.

Take a look at the trend lines …

(Click to enlarge)

consumer comfort august 13

(Chart: via Bloomberg)

What do the “experts” think?

“The break in losses echoes last week’s status-quo jobs report: monthly payroll
growth continued upward at a steady-but-not-dramatic clip and the unemployment
rate stood pat at 5.3 percent,” the analysts who compiled the data noted. “Recent drops in gasoline prices, which had hit their highest levels of the year from mid-June to mid-July, may have also helped arrest the slide of the CCI, which often falls with rising fuel prices.”

Oh great … the “fuel prices” narrative again.

The CCI – published weekly since December 1985 – records Americans’ views on three key items: The national economy, the buying climate and their personal finances. Produced by Langer Research Associates, its data is based on 1,000 national random-sample landline and cellular telephone interviews, 250 per week (in a four-week rolling average).

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17 comments

erneba August 13, 2015 at 10:40 am

Whew…I feel better now. Break out the champagne.

Reply
A mess, thanks to Democrats August 13, 2015 at 11:29 am

FITSNews must think we’re THAT stupid.

Their staff may be turning cartwheels, but we’ve seen it all before. They will NEVER admit what Obama and the Democrat Party did to our country.

Reply
Rocky Verdad August 13, 2015 at 11:46 am

I think it’s more than FITSNews that think you’re stupid. #)$%*)(#$

Reply
What's In A Name, GT? August 13, 2015 at 4:17 pm

Thanks for the meltdown…but you will not see a Republican president in ’16.

Reply
FITS trying to save Democrats August 13, 2015 at 11:18 am

The media’s BEGGING, praying this will save Hillary.

Stuff it you idiots. All the economic news will be GREAT by Nov. 2016. You’ll want to help Hillary. We saw it in 2012. And if enough people have not figured out you were lying through your teeth, you’ll get away with it again, and the country will sink deeper into the septic tank.

If people are tired of the misery you brought, and wake up, you will get slaughtered at the ballot box.

NO ONE, Black, White or Hispanic wants to suffer so the government and its elites can feed your greed, and beat us down with your power you take from us.

Reply
Rocky Verdad August 13, 2015 at 11:19 am

THis economy is horrible. Just the other day here in Crapville, someone got a job, and then, they went shopping.

Reply
Head up your ass August 13, 2015 at 11:22 am

REALITY for idiots: More than a record 93 million not working, a record 50 million on food stamps, Obama premiums are astronomical for worthless insurance, while salaries are way down, taxes up and the deficit is up a record $9 trillion by ONE president.

You may have your head up your ass, but most people KNOW what you’ve done to the people of America. And they are pissed.

Reply
Rocky Verdad August 13, 2015 at 11:44 am

And they’re all voting for Trump.

Reply
FastEddy23 August 13, 2015 at 12:33 pm

Better than voting for that lying SheWolf Hillary.

FastEddy23 August 13, 2015 at 12:32 pm

… and Gruberment keeps on ripping The Citizen Taxpayers off.

Reply
President Rick Parry August 13, 2015 at 11:21 am

We sure showed them in 2012, but I couldn’t have done it without you GrandTango!

Reply
You look like damn fool August 13, 2015 at 11:26 am

You’re a Fucking idiot if you are against a President Perry for 2012. Texas is in GREAT shape despite a horrible national economy. Perry defied Obama, and did wonderful things. Anyone who wanted him, instead of another four years of failure, is RIGHT.

Just on abortion. He looks brilliant now that we see what PP is doing, selling baby parts as if it were chopped liver.

I wish like hell we would have elected Perry, or any Republican, considering what we ended up getting. We’re in a mess, and it’s Obama’s and the Democrat Party’s fault.

You’re a Dumbass to deny that.

Reply
Rocky Verdad August 13, 2015 at 11:46 am

Horrible national economy – 5.3% unemployment, housing prices on the rise, wages starting to increase. Let’s see, the national GOP record – oh right – damned near collapse of the financial system and the worset recession since 1929. What’s your follow-up plan, worst depression since the 19th century?

Reply
Rocky Verdad August 13, 2015 at 11:59 am

I just made $7,500 last month by simply getting a job. If you’re interested go to http://www.linkedin.com and establish an account. <>

Reply
No one believes your BS August 13, 2015 at 12:20 pm

It’s like you believe if you can convince all the FITSNews followers that GT was wrong about Obama, somehow reality will fade, and all your claims will magically become true.

Truth is: all of the FITNews contingent, including its staff are full-blown believers in Obama and the Democrat Party.

It’s the voters who are near in lynch mob against you. And it’s why Hillary, and Jeb are the scourge. People are tired of your lies, and they are sickened by the FITNews-type sites trying to spread them.

People know who you are, and what you have done. You’re not going to fool anyone spewing Bullshit from the DNC.

Reply
FastEddy23 August 13, 2015 at 12:31 pm

All of ’em: Pigs in a poke.

Reply
Bible Thumper August 13, 2015 at 4:07 pm

Weekly Claims for Unemployment Insurance were released today.
http://www.dol.gov/ui/data.pdf
It was slightly above estimates at 274,000, but the four week average was 266,250, which marches the lowest average since April 15, 2000. These two weeks are 42 year lows for this stat.
http://www.usatoday.com/story/money/business/2015/07/23/applications-unemployment-aid-plummet-42-year-low/30558787/
On December 15, 1973, the last time the four week average was lower, the US had only 62 million insured workers. Today there are 135 million insured workers. Here is a link to an App that if you change the beginning year and find those numbers in the last column.
http://www.oui.doleta.gov/unemploy/claims.asp

So what does this mean? The Unemployment rate is low, Unemployment claims are low, 200,000 new jobs each month, meaning a tight job market. Looks good, right, But the Labor force participation rate is low even among 25- 54 year old men and wage growth is stagnant and uneven. 93 million adults not working. Are they discouraged, are they wealthy, are they receiving benefits?

With the number of people receiving eentitlements rising and the labor force participation shrinking, it makes you wonder if payroll deductions will be sufficient to pay for the entitlements.

Reply

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