Are You Feeling Confident? We are…
By Sklar & Associates In Uncategorized On August 31, 2010
About the economy ….we have seen an uptick in job openings and our clients are hiring again and again. Today the Consumer Confidence Index was released for August and the numbers show improvement from July 2010.
And I recently read that Tiffany & Co has improving sales. The information is confusing – unemployment is steady @ 9.5% but dropping in some cities like NYC. Confidence is up and down – and home sales are way down. But people are shopping for luxury goods @ Tiffany. And most interesting the men’s jewelry market is having a banner year.
How to make sense of all of this information – not sure anyone can or should. It appears that individuals in industries that are thriving and hiring have more confidence in the economy and are buying clothes/jewelry, etc. And perhaps people who are concerned about jobs are also buying clothes/jewelry in order to look good and up-to-date when interviewing.