Question
How does high unemployment lead to consumer confidence improving?
I looked up Consumer confidence which is the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. But wouldn't high unemployment be worse than low unemployment. Therefore, why would consumer confidence improve.
I looked up Consumer confidence which is the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. But wouldn't high unemployment be worse than low unemployment. Therefore, why would consumer confidence improve.