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U.S. Consumer Confidence Rises to Five-Year High
Americans are more upbeat about the U.S. economy that they have been since February 2008, according to the New York City-based Conference Board.
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Americans are more upbeat about the U.S. economy that they have been since February 2008, according to the New York City-based Conference Board.
The research group's index of consumer confidence jumped to 76.2 this month from a revised 69.0 in April. Gauges of sentiment about current conditions and expectations for the next six months increased in May to five-year and seven-month highs, respectively.
The Conference Board says Americans are more positive about current business and job market conditions and more hopeful about future economic and employment prospects.
Nearly 11% of consumers now say jobs are "plentiful," up more than two points from last month. Almost 17% think there will be more jobs in six months, up 2.5 points from April. Expectations for income are little changed.
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