While the fact that the September Conference Board consumer confidence number missed in September, coming in at 45.4, below expectations of 45, and a tiny increase from the revised August 45.2, the shocker was in the responses to "jobs hard to get" category which printed at 50, up from 48.5 in August, and is now the highest number since 1983! Yet despite that it can not get a job to save its life, the public appears to have reverted to Hopium consumption, with the 6 month outlook jumping to 54 from 52.4, even as the current conditions index declines from 34.3 to 32.5, and the lowest since January. And a big red sign for the auto segment, is that Americans expecting to buy a car within 6 months has dropped to just 11.4% from 13% last month. And this even with GM offering subprime loans to deadbeats left and right.
Jobs hard to get: