Consumer confidence in the U.S. bounced higher in January as the outlook around the labor market improved, data released yesterday by The Conference Board showed. The Board’s consumer confidence index rose to 131.6 this month from 126.5 in December. That marked its highest level since August.
The data released showed 49 percent of consumers think U.S. jobs are “plentiful,” up from 46.5 percent. Those saying jobs are “hard to get” decreased to 11.6 percent from 13 percent.
In addition, assessments of current business and labor market conditions increased to 170.0 from 166.6 in December. Expectations for future conditions climbed to 102.5.
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