Employment Confidence Falls
The latest review of consumer confidence with regard to employment security and prospects has shown a big downturn compared with the same time last year.
Over a third of people asked by Lloyds TSB said that they felt less secure in their employment than they did last year, with only around ten percent feeling more secure than previously. Compared with the same time last year this was a fall in confidence of around forty percent, a massive drop that really highlights the current state of the economy.
Not helping this viewpoint is the worry of rising inflation, with consumers already seeing their bills and staple items like petrol and food costing more. The Lloyds TSB study is simply reporting what people are feeling of course, and these people are still in jobs right now.