TRAVEL GUIDE IN IN SUMMIT COUNTY!!
July 31, 2009 Reports are Published
Below is a ‘first look’ at the economic indicators for early August. In addition to the Economic Indicators, which will be published this afternoon, be sure to watch for the Mountain Travel Monitor, which we will publish with our Industry-Wide reports late this week/early next week and includes a full-scale review of the current situation in the Mtn Travel Industry.
Some early highlights:
- The Consumer Confidence Index, having shown consistent upward trends since February, has decreased in July for the 2nd consecutive month, reversing the trend. The decline is attributed to ongoing consumer concerns about unemployment and the overall economy. The Consumer Confidence survey preceded the unexpected positive Unemployment figures released late last week.
- View the Consumer Confidence Index here.
- The Consumer Price Index increased sharply in June for the 6th consecutive month, driven in large part by the increases in Crude Oil prices. Despite the consistent increases the economy remains in a deflationary state for the 4th consecutive month, negatively impacting both corporate and private Consumers’ income. �
- Click here for Consumer Price Index
- The Unemployment Rate decreased somewhat in July from 9.5% to 9.4% nationally with 247,000 jobs lost compared to 514,000 new jobs created. This is the 1st decrease in the Unemployment Rate since April 2008.
- Click here for the U.S. Unemployment Rate
