Consumer Confidence Falls in November


NEW YORK—The non-profit Conference Board reported that its consumer-confidence index dipped for the third consecutive month, falling from 71.2 in October to 70.4 in November, the lowest level since April 2013.

Economists polled in November by MarketWatch had expected the index to climb to 72.4, mainly due to the end of the budget battle that had gripped Capitol Hill though the month of October. "Consumers turned somewhat more pessimistic about the availability of jobs and chance of stronger income growth in the next six months," the publication noted, even though they expect little change in their current financial condition.

Separately, a poll by the Washington Post and the University of Virginia's Miller Center determined that over 60 percent of U.S. workers are concerned that they will lose their job. Almost 33 percent said they worry "a lot," which is a record high.

Entering the New Year, company owners and managers have a unique opportunity to take a pause in the business to express thanks and appreciation for the commitment and dedication of its team members. As well, it is also an opportunity to give insight into the 2014 year and, if appropriate, express optimism with company strategies and plans to have stability and possible growth going forward to allay fears and concerns that a growing number of employees may have.

Hedley Lawson, Contributing Editor
Managing Partner
Aligned Growth Partners, LLC