Widespread layoffs and rising unemployment do not signal a rebound in confidence anytime soon, ... With the holiday season quickly approaching, there is little positive stimuli on the horizon.
Despite sluggish economic conditions and almost non-stop layoff announcements, consumers are cautiously optimistic that the economy will rebound later this year,
As rebuilding efforts take hold and job growth gains momentum, consumers' confidence should rebound and return to more positive levels by year-end or early 2006.
Consumers' short-term optimism is no longer at recession levels, and the upward trend signals that the economy may be close to bottoming out and that a rebound by mid-2002 is likely,