Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Business, Financials
AP  
December 28, 2010

US consumer confidence slipped in Dec

NEW YORK, United States — Consumer confidence slipped this month as more Americans worried that the job market is worsening.

The latest survey from Conference Board showed a decline even after reports are showing that people increased their holiday spending at the biggest rate in four years and other indicators suggest the economy is brightening.

The private research group said yesterday its Consumer Confidence Index fell to 52.5 in December, down from a revised 54.3 in November. Economists were expecting 55.8. The decline reverses two consecutive months of increases. It takes a reading of 90 to indicate a healthy economy, a level not approached since the recession began in 2007.

People are less confident even though layoffs are slowing, businesses are buying more goods, and consumers are spending more money. Economists have raised their growth forecasts for the final months of the year and 2011.

Still, home prices fell in America’s largest cities and are expected to decline further next year. Every city in the Standard & Poor’s/Case Shiller 20-city home price index showed a monthly price decline in October from September– the first time that has happened since Feb. 2009.

And the unemployment rate increased to 9.8 per cent in November from 9.6 per cent in October.

“Although the economy is growing again, consumer attitudes are lagging behind broader economic developments,” said Steven Wood, chief economist at Insight Economics. Woods said people are more concerned with high unemployment, falling home prices and the number of foreclosures.

Economists watch confidence closely because consumer spending accounts for about 70 per cent of US economic activity.

One measure of the Confidence Index, which assesses how shoppers feel now about the economy, declined to 23.5 in December, from 25.4 in November. The other barometer, which measures how shoppers feel about the economy over the next six months, fell to 71.9 from 73.6 in November.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Scholarship announced in honour of late Miss Jamaica Universe Contestant LaToya Malcolm
Latest News, News
Scholarship announced in honour of late Miss Jamaica Universe Contestant LaToya Malcolm
August 22, 2026
Member of Parliament and Minister of State in the Ministry of Industry, Investment and Commerce Delano Seiveright has announced the LaToya Malcolm Sch...
{"jamaica-observer":"Jamaica Observer"}
Centenarian Rattray celebrates 100th birthday
Latest News, News
Centenarian Rattray celebrates 100th birthday
BY HOWARD CAMPBELL 
August 22, 2026
At 100 years old, Joyce Rattray still has vivid memories of living in Greenwich Town, the seafaring community along Spanish Town Road in Kingston. It ...
{"jamaica-observer":"Jamaica Observer"}
Madscope Targets the money with ‘Stack Paper’
Entertainment, Latest News
Madscope Targets the money with ‘Stack Paper’
August 22, 2026
Dancehall newcomer Madscope is turning hustle into momentum with his get-money anthem Stack Paper , which has been generating a growing buzz across th...
{"jamaica-observer":"Jamaica Observer"}
Jamaica’s Lloyd Barker to be inducted in CF Montreal Wall of Fame
Latest News, Sports
Jamaica’s Lloyd Barker to be inducted in CF Montreal Wall of Fame
August 22, 2026
KINGSTON, Jamaica — Jamaican-born and former Harbour View FC player Lloyd Barker will be inducted into the Wall of Fame of Canadian club CF Montreal o...
{"jamaica-observer":"Jamaica Observer"}
Spurs battered by Brentford
Latest News, Sports
Spurs battered by Brentford
August 22, 2026
LONDON, United Kingdom (AFP) —Big-spending Tottenham found money can't buy instant success as they slumped to a woeful 3-0 defeat at Brentford in thei...
{"jamaica-observer":"Jamaica Observer"}
Beckford second in Diamond League in Poland
Latest News, Sports
Beckford second in Diamond League in Poland
August 22, 2026
KINGSTON, Jamaica — Commonwealth Games champion Romaine Beckford placed second in the men’s high jump on the first day of the two-day Wanda Diamond Le...
{"jamaica-observer":"Jamaica Observer"}
JCF cautions motorists about vehicle cloning risk
Latest News, News
JCF cautions motorists about vehicle cloning risk
August 22, 2026
KINGSTON, Jamaica — Motorists are being urged to thoroughly inspect their vehicles after they have been left unattended at various locations for exten...
{"jamaica-observer":"Jamaica Observer"}
Final of Kingston Open ATP to be contested today
Latest News, Sports
Final of Kingston Open ATP to be contested today
August 22, 2026
KINGSTON, Jamaica — Number one seed Valentin Royer of France advanced to the final of the Kingston Open ATP Lawn Tennis Challenger in Kingston, turnin...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct