5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
W S
Lending / The Ticker

Consumer confidence hits second-highest level in a year

Jobless claims barely move

shopping cart
/ Print / Reprints /
| Share More
/ Text Size+

Consumer confidence climbed last week to the second-highest level in a year as an improving job market bolstered Americans' views of their financial well-being, according to an article in Bloomberg.

The Bloomberg Consumer Comfort Index rose to 37.7 in the period ended Aug. 31 from 37.3 the prior week. A measure of personal finances increased to 54.2, matching the strongest reading since April 2008.

Gary Langer, president of Langer Research Associates LLC in New York, said, “The fact that people feel they’re doing better financially is an important element. The improvement in confidence in the lower-income tier is encouraging, and makes it a more broad-based recovery.”

Meanwhile, the U.S. Department of Labor reported that unemployment benefits barely changed from a week prior, rising by 4,000 to 302,000 for the week ended Aug. 30. 

Source: Bloomberg
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus