This article talks about how consumer spending has significantly increased lately which signifies an increase in confidence. It seems that jobholders are now less worried about getting laid off which explains the increased spending.
Most people feared losing their jobs during the recession, which ended in June 2009. But now, despite 9% unemployment, Americans are breathing much easier.
Workers who survived the job cuts of the recession have begun to conclude: ''If they haven't fired me by now, they're not going to'' says Michael Koskuba, portfolio manager with Victoria Capital Management. But people shouldn't get their hopes up too much. Higher spending and growth don't mean the unemployment rate will fall significantly this year. Economists think it will remain at around 9% by year's end.
I disagree with you because I think that a lot of people nowadays still worry about losing their jobs. The unemployment rate decreased however but that doesn't mean that people don't worry about being laid off. The situation has improved a lot since the recession.
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