Effect of Layoffs and Discharges on Consumer Confidence.

ABSTRACT This paper investigates the impact of layoffs and discharges (separations) on consumer confidence. Empirical tests ar apply to measure any relationship among separations and two ecumenic consumer confidence indexes. The paper found separations can be delectation to predict consumer confidence three months from now. INTRODUCTION This paper appropriate al atomic number 53 by tally and error investigate the impact on consumer confidence by separations during the gunpoint between December 2000 and August 2005. The hypothesis is that at that place get out be a positive and significant correlational statistics between separations and consumer confidence. It is my belief that consumer confidence is a reflection of consumers perceptions of profound stinting conditions. I expect to find that separations will retain a significant impact on those consumers perception which will payoff in the expected correlation. This hypothesis will be time-tested statistica lly using employment data from the unite States section of Labor and consumer confidence indexes from the University of geographical mile and the Conference card. minimize Consumer attitudes regarding the economy ar measured by two angry indexes; the University of Michigan great power of Consumer Sentiment (ICS) and the Conference Board Index of Consumer Confidence (CCI). These popular indexes be considered by many an(prenominal) to be economic indicators predicting everything from presidential elections to future consumer spending.

Both these indexes are widely reported in the financial media on th eir departure each month. Popular sign he! adlines stating unproven relationships between the indexes and the stock-taking market, unemployment, weather, politics and war are common. The ICS index began in 1946. The University of Michigan surveys approximately 500 community by telephone. The survey consists of approximately 50 questions about their attitudes and expectations. The responses to fin questions on whether it is a true(p) time for people to debase major consumer goods and on the familys financial condition relative to one year ago are combined to calculate the... If you expect to get a in effect(p) essay, order it on our website: OrderCustomPaper.com

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