To: Kenneth E. Phillipps who wrote (88882 ) 8/8/2010 12:23:50 PM From: TideGlider Respond to of 224845 Rasmussen Consumer Index Consumer Confidence Hits Lowest Level of Year Sunday, August 08, 2010 Email to a Friend ShareThis.Advertisement The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell to its lowest level since December 3, 2009 on Sunday. At 70.0, consumer confidence is down four points from yesterday and down nine points from its level a week ago. The index is also down six points over the past month. After over a week of steady gains, the Rasmussen Investor Index, which measures the economic confidence of investors on a daily basis, dropped seven points today to 77.5. The index has now fallen 20 points over the course of the past three days. Confidence is down 10 points over the past week and down six points from a month ago. The index is currently just a point shy of the lowest level recorded this year. Only 8% of adults nationwide rate that the U.S. economy as good or excellent, while 58% rate it as poor. About a quarter (24%) of Americans feel economic conditions in the country are getting better, but 54% think they're getting worse. Among investors, 8% give the economy a good or excellent rating; 55% rate the economy poorly. Twenty-nine percent (29%) say the economy is getting better while 49% say it is getting worse. The Rasmussen Employment index, a monthly measure of U.S. worker confidence in the employment market, slipped five points in July to 68.7. This marks the lowest level measured since January. (Want a free daily e-mail update ? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook. The Rasmussen Consumer Index and Investor Indexes are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Premium Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Premium Members. The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on March 10, 2009 at 54.7. The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 52.5 on March 9, 2009. The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 70.0, overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks. ShareThis