- CNTV English - CCTV News

Unemployment worries erode consumer confidence in US

07-28-2010 09:50 BJT

Watch Video

Play Video

Now to the US economy The Conference Board, a New York-based business and economics research group, reported that consumer attitudes worsened this month, as did fears over the job market.

Employment worries drove July consumer confidence to its lowest level since February. One in six people is expecting a fall in income over the next six months. The tepid consumer data tempered stock market gains.

In the real estate sector, home prices rose in May, but there are no signs of a sustained rebound, while a record stockpile of foreclosed houses looms over the market.

Single-family house prices are 29.1 percent below the peaks of four years ago. U.S. unemployment stood at 9.5 percent in June, the lowest in nearly a year. But this figure reflects a natural trend of people leaving the workforce, rather than a rise in recruitment.


Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program