Consumers are glum
Consumer confidence fell in June to the lowest point since November 2010 on concerns about the slack labor market and sputtering recovery, according to a report released today, Reuters said. The Conference Board, an industry group, said its index of consumer attitudes fell to 58.5 from a revised 61.7 in May. The median of forecasts from analysts polled by Reuters was for a reading of 60.5. Forecasts ranged from 55 to 66.7.
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