00:00What do you see? Well, we're seeing Americans a little more disappointed in the way the economy is going than
00:05we anticipated.
00:06And we're also seeing better than expected jolts job openings. They're down from what they were in the month of
00:14May.
00:18These are the latest numbers, 7,594,000 down from 7,618,000 in April.
00:25The quits rate is 1.9%. That is unchanged. So some strength in the jobs numbers.
00:33Now we've got the revision to the jolts number, and we've actually gone up a little bit, 7,594,000,
00:40as I said.
00:41And the revised April number is 7,585,000. So up by a few, there's more job openings out there
00:48than thought.
00:49Now in terms of consumer confidence, 91.2, that is down from 93.1 as an initial estimate, but 90
00:57.6 is the revised.
00:58So it's up a little bit, but both numbers are not very strong for consumer confidence.
01:04The present situation, 116.4 from 121.2. And the expectations index is unchanged at 74.4.
01:14So at this point, what we've got is consumers still reacting to the gasoline prices, I would imagine,
01:23even though they came down during the month and people thought that might lead to something.
01:27How does this all set us up for Thursday's jobs numbers?
01:31Well, it does suggest that at this point there is some hope that the numbers will be strong,
01:36as they have been in the last couple of months.
01:39I'm looking right now just to get the jobs numbers in terms of the conference board,
01:45and we do see almost no change in the jobs plentiful numbers, and jobs not so plentiful goes down.
01:53So people are still thinking that there's a reasonable labor market out there,
01:58even though it's not a very strong one.
02:00I'm not a big part of this board.
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