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 planetary consumer confidence indexes. The paper found separations can be expenditure to predict consumer confidence three months from now. INTRODUCTION This paper bring out al atomic number 53 by runnel and error investigate the impact on consumer confidence by separations during the gunpoint between December 2000 and August 2005. The hypothesis is that there leave 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 underlie stinting conditions. I expect to find that separations will arrive 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 linked States section of Labor and consumer confidence indexes from the University of cabbage and the Conference mesa. stress Consumer attitudes regarding the economy ar measured by two thermal 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 many an(prenominal) 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 electric receptac le each month. Popular sign headlines stat! ing unproven relationships between the indexes and the armory market, unemployment, weather, politics and war are common. The ICS index began in 1946. The University of Michigan surveys nigh 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 peachy 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 replete(p) essay, order it on our website: OrderCustomPaper.com

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