The percentage of those who said business conditions were “good” increased to 35.2% from 35%, while those saying business conditions were “bad” slipped to 12.1% from 12.3%. People claiming jobs were “plentiful” fell to 35.7% from 37.5%, while those claiming jobs were “hard to get” hit a 16-year low of 15.2%, down from 16.8%.
“Consumer confidence retreated in December after reaching a 17-year high in November,” said Lynn Franco, the director of economic indicators at The Conference Board. “The decline in confidence was fueled by a somewhat less optimistic outlook for business and job prospects in the coming months. Consumers’ assessment of current conditions, however, improved moderately. Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018.”
(H/T: Business Insider)
