Sour economic mood in the US


  • Business Premium
  • Wednesday, 29 Sep 2010

NEW YORK: Americans in both the living room and the boardroom are growing more fearful about the economy, creating a Catch-22 for the job market: Shoppers won't spend until they feel more secure, and business won't hire until people start spending.

The eroding views were revealed Tuesday by two separate surveys, one that found everyday Americans are increasingly pessimistic about jobs and another that found CEOs have grimmer predictions about upcoming sales.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Tropicana swings into the red in 1Q Premium
ASNB to temporarily suspend transactions, services from June 4 to 7 Premium
IOI Properties posts net profit of RM59.7mil in 3Q Premium
Pos Malaysia posts lower net loss for 1Q at RM30.37mil Premium
Genting Plantations 1Q net profit surges 83% Premium
Supermax 3Q profit takes a hit due to WRO, lower selling prices Premium
Axiata slips into the red Premium
Ringgit ends slightly better against greenback Premium
TM 1Q net profit rises 4.4% to RM339.8mil Premium
UEM Sunrise swings back into profit in 1Q Premium

Others Also Read