How does the consumer feel about the economy? In a word, lousy. The Conference Board, an industry group, reported that consumer confidence dropped to 49.3 in June, from a reading of 54.8 in May. Economists had expected it to be 55.

Here's another piece of bad news. Only 17.4% of consumers felt that more jobs would appear in the coming months, also down from 19.3% in May.

Continue reading More grief! Consumer confidence drops in June

More grief! Consumer confidence drops in June originally appeared on BloggingStocks on Wed, 01 Jul 2009 08:00:00 EST. Please see our terms for use of feeds.