A closer look at consumer confidence

In this item from yesterday, Jake over at ECONOMPICDATA breaks down yesterday's sharp decline in consumer confidence as reported by the Conference Board.
Recall that the Present Situations Index fell to its lowest level since 1983 and the Expectations Index dropped more than 13 points to 63.8, far short of the levels typically associated with economic recoveries. Looking at the chart, you'd think that the Jobs are Plentiful Index must also be at or near record lows - it registered only 3.6.