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 superior general consumer confidence indexes. The paper found separations can be function to predict consumer confidence three months from now. INTRODUCTION This paper go on al atomic number 53 by rill and error investigate the impact on consumer confidence by separations during the gunpoint between December 2000 and August 2005. The hypothesis is that there will 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 underlying stinting conditions. I expect to find that separations will develop a significant impact on those consumers perception which will payoff in the expected correlation. This hypothesis will be time-tested statistically using emp loyment data from the unite States section of Labor and consumer confidence indexes from the University of gelt and the Conference get on with. terra firma Consumer attitudes regarding the economy atomic number 18 measured by two vitriolic indexes; the University of Michigan great power of Consumer Sentiment (ICS) and the Conference Board Index of Consumer Confidence (CCI). These popular indexes are considered by numerous to be economic indicators predicting everything from presidential elections to future consumer spending.

Both these indexes are widely reported in the financial media on their exp elling each month. Popular sign headlines ! stating unproven relationships between the indexes and the entrepot market, unemployment, weather, politics and war are common. The ICS index began in 1946. The University of Michigan surveys almost 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 level-headed 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 complete essay, order it on our website: OrderCustomPaper.com

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