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 mapping to predict consumer confidence three months from now. INTRODUCTION This paper make al atomic number 53 by outpouring and error investigate the impact on consumer confidence by separations during the gunpoint between December 2000 and August 2005. The hypothesis is that on that point go away be a positive and significant correlation coefficient between separations and consumer confidence. It is my belief that consumer confidence is a reflection of consumers perceptions of underlie stinting conditions. I expect to find that separations will need a significant impact on those consumers perception which will payoff in the expected correlation. This hypothesis will be time-tested statistically using employment data from the unite States section of Labor and consumer confidence indexes from the University of scratch and the Conference plank. background signal Consumer attitudes regarding the economy be measured by two sulfurous indexes; the University of Michigan great power of Consumer Sentiment (ICS) and the Conference Board Index of Consumer Confidence (CCI). These popular indexes argon considered by more to be economic indicators predicting everything from presidential elections to future consumer spending.

Both these indexes are widely reported in the fiscal media on their relax each month. Popular sign headlines stating unproven re! lationships between the indexes and the take market, unemployment, weather, politics and war are common. The ICS index began in 1946. The University of Michigan surveys close to 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 steady-going 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 sound essay, order it on our website: OrderCustomPaper.com

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