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October 01, 2003
Americans Less Optimistic on Jobs Outlook
Fewer Americans believe the job market will improve in the next six months, according to a survey by the Conference Board.

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The board surveyed 5,000 households in September to gauge consumer confidence. Respondents anticipating the job market to improve in the next six months decreased to 16.7 percent from 18.0 percent in August.

Those expecting fewer jobs to become available increased to 21.0 percent from 18.6 percent. Those anticipating an increase in their incomes fell to 18.6 percent from 20.7 percent.

More Americans said jobs are harder to secure in current economic conditions, according to the survey. Those reporting jobs are "hard to get" increased to 35.3 percent from 34.1 percent. Those claiming jobs are "plentiful" retreated to 10.0 percent from 11.3 percent in August.

"The lack of improvement in labor market conditions continues to dampen consumers' spirits," says Lynn Franco, Director of the Conference Board's Consumer Research Center.

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