Consumer Confidence Jumps on Labor Market Strength
Confidence is high enough to prevent the economy from slowing down in the first half of 2020, the Conference Board said.
Confidence is high enough to prevent the economy from slowing down in the first half of 2020, the Conference Board said.
Despite dipping again in November, confidence levels remain high and should support solid spending during this holiday season.
October’s survey shows healthy level of confidence and should stave off fears that a recession could occur in the near future.
Defying predictions that the trade war would prompt consumers to pull back, confidence soared to near 18-year highs in May.|
Americans are not tired of winning yet. Consumer views of current economic conditions increased to a 17-year high, indicating that the economy is likely growing at a faster pace in the second quarter than it did in the first three months of 2018.
“Despite the modest retreat in confidence, the index levels remain historically high and suggest further strong growth in the months ahead,” said Lynn Franco, director of Economic Indicators at The Conference Board.
Consumers saying jobs are “plentiful” increased from 37.2 percent to 39.4 percent, while those claiming jobs are “hard to get” decreased from 16.3 percent to 14.7 percent.
Consumer confidence in the U.S. is soaring yet again as it reached a 17-year high this month, according to the latest Consumer Confidence Index survey.
Consumers’ confidence in the U.S. economy has reached its highest level in 17 years, according to the latest Consumer Confidence Index survey measuring consumer attitudes about the economy.
Consumers’ view of current conditions rises to 16 year high.
Bernie Marcus, co-founder of Job Creators Network and retired co-founder of The Home Depot, pens an op-ed titled “Trump’s Results” stating that President Donald Trump has set an optimistic tone for the business world.
After major tech corporations slashed jobs, and start-ups slowed to a crawl in 2016, employment growth in the nine-county region known as Silicon Valley seem set to expand rapidly.