National News

Nov 27, 2012 12:04 PM by Associated Press

US consumer confidence at highest in 4 years

WASHINGTON (AP) - U.S. consumer confidence rose this month to its highest level in almost five years, pushed up by steady improvement in hiring.

The Conference Board says its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.

Americans are more optimistic because the see the job market getting better. Employers added 171,000 jobs in October and more jobs were created in August and September than first thought.

The survey is watched closely because consumer spending drives nearly 70 percent of economic activity. It is still below 90, which is consistent with a healthy economy. It last reached that level in December 2007. The index is far above the all-time low of 25.3 touched in February 2009.

»Comments

PLEASE HELP US MODERATE COMMENTS

Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.

Thank you! KSBY.com


More News

Most Popular

Top Videos

1 2 3 4