Photo: #People walk through a clothing store May 27, 2008 in New York City. As Americans grow increasingly concerned about jobs and more pessimistic about the business environment, a new report by the New York-based Conference Board finds that consumer confidence dropped in May to the lowest level in 16 years.
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People walk through a clothing store May 27, 2008 in New York City. As Americans grow increasingly concerned about jobs and more pessimistic about the business environment, a new report by the New York-based Conference Board finds that consumer confidence dropped in May to the lowest level in 16 years. (Photo by Spencer Platt/Getty Images)

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Consumer confidence falls with gloomy economy

Broadcast: Midday, 05/28/2008, 11:00 a.m.

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As stimulus checks are scheduled to show up in mailboxes soon, consumer confidence is at its lowest point in 16 years. Minnesota Public Radio's chief economics correspondent Chris Farrell joins Midday to discuss how the still slumping housing market, inflation and consumer concern are affecting the overall state of the economy.

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  • Chris Farrell: Minnesota Public Radio's chief economics correspondent

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