Job worries persist; Americans gloomy on economy - Yahoo! Finance
NEW YORK (AP) -- Americans are looking past the stock market surge and signs of a stabilizing economy and focusing on something more personal -- job worries.
Consumer confidence fell this month, the Conference Board said Tuesday, presenting a big obstacle for already hammered stores as they head into the critical back-to-school shopping season.
The confidence index fell to 46.6, down from 49.3 in June and weaker than what economists were expecting. It takes a reading above 90 to signal Americans believe the economy is on solid footing.
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