Friday, May 24 2013 11:20 PM EDT2013-05-25 03:20:27 GMT
For a family in Lake Charles, one phone call changed everything. The aftermath of the Moore, Okla. tornado revealed the loss of a loved one. One of the children who died at a school destroyed by the tornadoMore >>
A family in Lake Charles mourns the loss of a young relative in the Moore, Oklahoma tornado.
Friday, May 24 2013 8:43 PM EDT2013-05-25 00:43:00 GMT
The Vernon Parish Sheriff's Office is looking for a bank robbery suspect. The Vernon Bank branch on Colony Boulevard in New Llano was robbed Thursday afternoon. Investigators say a black male subjectMore >>
The Vernon Bank branch on Colony Boulevard in New Llano was robbed Thursday afternoon.More >>
Friday, May 24 2013 7:33 PM EDT2013-05-24 23:33:22 GMT
A kindergartner at T.S. Cooley Elementary Magnet School in Lake Charles read 875 books in one school year. Sophia Moss is 5-years-old and she loves to read. "A lot of the days I read books. It's justMore >>
Sophia loves to read. She even wrote her own book and did her book report on it! And even though she's just beginning her academic career, it's only the beginning of her story.More >>
Friday, May 24 2013 7:24 PM EDT2013-05-24 23:24:38 GMT
Southwest Louisiana is doing its part in the Oklahoma tornado recovery effort. In Westlake, people from all over Southwest Louisiana donated items for the tornado victims. It all started with one manMore >>
Southwest Louisiana is doing its part in the Oklahoma tornado recovery effort.More >>
Friday, May 24 2013 5:51 PM EDT2013-05-24 21:51:00 GMT
The following are closures and changes in garbage collection schedules in Southwest Louisiana related to the Memorial Day holiday: Lake Charles: The City of Lake Charles will observe the Memorial DayMore >>
The following are closures and changes in garbage collection schedules in Southwest Louisiana related to the Memorial Day holiday:More >>
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SOURCE The Conference Board
Index Drops Eight Points
NEW YORK, March 26, 2013 /PRNewswire/ -- The Conference Board Consumer Confidence Index®, which had improved in February, declined in March. The Index now stands at 59.7 (1985=100), down from 68.0 in February. The Present Situation Index decreased to 57.9 from 61.4. The Expectations Index declined to 60.9 from 72.4 last month.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was March 14.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: "Consumer Confidence fell sharply in March, following February's uptick. This month's retreat was driven primarily by a sharp decline in expectations, although consumers were also more pessimistic in their assessment of current conditions. The loss of confidence, particularly expectations, mirrors the losses experienced this past December and January. The recent sequester has created uncertainty regarding the economic outlook and as a result, consumers are less confident."
Consumers' appraisal of current conditions declined in March. Those saying business conditions are "good" decreased to 16.0 percent from 17.6 percent, while those stating business conditions are "bad" increased to 29.3 percent from 28.2 percent. Consumers' assessment of the labor market was mixed. Those claiming jobs are "plentiful" decreased to 9.4 percent from 10.1 percent, but those claiming jobs are "hard to get" edged down to 36.2 percent from 36.9 percent.
Consumers are once again pessimistic about the short-term outlook. Those expecting business conditions to improve over the next six months decreased to 14.4 percent from 18.0 percent, while those anticipating business conditions to worsen increased to 18.3 percent from 16.6 percent.
Consumers' outlook for the labor market was also less favorable. Those expecting more jobs in the months ahead declined to 12.3 percent from 16.1 percent, while those expecting fewer jobs increased to 26.6 percent from 22.1 percent. The proportion of consumers expecting their incomes to increase fell to 13.7 percent from 15.8 percent, while those expecting a decrease edged down to 18.0 percent from 19.3 percent.
Source: March 2013Consumer Confidence Survey® The Conference Board