The latest figures show that in the United States, fewer consumers are spending and incomes have gone down considerable for the month of June. There is certainly only one major culprit for this, and that is the lack of available jobs for the citizens of the US.

Last month saw an increase, albeit a smaller than expected one, at 0.1 percent. For the month of July, this value remained unchanged according to the Department of Commerce data. Furthermore, there was no recorded increase in incomes, which is the first since September. Also, July also marked the highest savings rate for the year.

For now, increasing demands is a tall order, especially because the rates at which unemployment is fluctuating right now is well within the highest in nearly 26 years. This really affects the overall confidence of the consumers with regards to the economic condition of the country, and affecting their consumer behaviors as well.

The chairperson of the Federal Reserve, Ben Bernanke, said that the only way for the demands to increase is for the wages to increase. Furthermore, Ryan Sweet, who is an economist from Moody’s Economy.com, said that the second half of the year will still see slower spending from the consumers.