Consumers confidence strengthened in August to its second highest level since late 2000, a survey from the Conference Board released yesterday shows. The "present conditions" measure increased to its highest reading since July 2001.
The biggest reason for the boom in confidence is jobs. The labor differential, measuring the share of those saying jobs are plentiful minus the share saying jobs are hard to get, widened to 18.1 points, the most that figure has been since July 2001.
Those stating jobs are “plentiful” rose to 35.4 percent from 33.2 in July. Those saying that jobs are hard to get dipped to 17.3 percent, the lowest that number has been since August 2001.
No comments:
Post a Comment