August 26, 2003

And More Good News

Good news about consumer confidence as well: - Consumer Confidence Bounced Back in August: The Conference Board reported Tuesday that its consumer-confidence index rose to 81.3 in August from a revised 77 in July. The expectations index jumped to 94.4 from 86.3, while the index measuring attitudes on present conditions slipped to 61.6 from 63. Labor-market concerns continued to dominate. The share of consumers who found jobs "plentiful" inched up to 11.1% from 10.7%, but there was a far larger increase in those who said jobs were "hard to get" -- to 34.1% from 32.7%. In terms of expectations six months from now, 18% expected more jobs, up from 16.6%, while 18.6% expected fewer jobs down from 19.6%...

Posted by DeLong at August 26, 2003 07:40 AM | TrackBack

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