Friday’s government report that over half-a-million jobs were lost last month has pushed consumer and investor confidence down to new record lows.
The Rasmussen Investor Index, which measures investor confidence on a daily basis, dropped another point on Monday to set a record low for the second straight day. At 60.1, the Investor Index has now fallen for five straight days. It is down five points since Friday’s report on unemployment, down eleven points over the past month and down thirty-nine points over the past three months.
Prior to this year, the Rasmussen Investor Index had never fallen below 91.1. It is now thirty-one points below that level.
The Rasmussen Consumer Index stabilized on Monday after falling to a record low on Sunday. At 58.7, the Consumer Index has fallen four points since Friday’s report. It is down six points over the past month and twenty-eight points over the past three months.
Prior to this year, the Rasmussen Consumer Index had never fallen below 83.2. It is now twenty-four points below that level. Prior to yesterday, the Consumer Index had never fallen below 60.0.
The Index data is based upon nightly telephone surveys and reported on a three-day rolling average basis. Today is the first update based entirely upon data collected since Friday’s government report was released.
Just 8% of Americans now say the economy is getting better while 72% say it is getting worse.
Only 34% now rate their own personal finances as good or excellent, down from 41% when the year began.
http://www.rasmussenreports.com/public_content/business/indexes/rasmussen_consumer_index">CLICK HERE for the full report.