There was yet another sighting of the U-word ("unexpectedly") in connection with disappointing economic news today.
Bloomberg News, which most frequently employs the word, told readers that "Consumer confidence unexpectedly declined in November to the lowest level in more than a year as Americans grew less enthusiastic about the labor-market outlook." Expectations were that confidence would increase from October's value of 99.1 to between 99.6 and 101.0, not drop like a rock in just one month by almost 9 percent to 90.4. Over at the Associated Press, aka the Administration's Press, Economics writer Josh Boak clearly wanted his readers to believe that the news was a one-off "curveball" in an economy which he contended "has strengthened by many measures over the past month." All one can say is that he must not be looking at the same economy as the rest of us.