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The Conference Board
Latest The Conference Board Items
According to the Conference Board, an important economic indicator, the consumer-confidence index, fell to 71.2 in October, from a revised 80.2 in September. Conference Board spokeswoman Lynn Franco wrote, "Consumer confidence deteriorated considerably as the federal government shutdown and debt-ceiling crisis took a particularly large toll on consumers' expectations."
Americans' confidence in the economy fell slightly in September from August as many people became less optimistic about hiring and pay increases in the next six months.
Federal Reserve Board Chairman Ben S. Bernanke sent President Obama a report card this week, giving him another failing grade on the economy.
This sounds like good news. The Bureau of Labor Statistics reported Friday that the unemployment rate dropped from 7.6 percent to 7.4 percent in July as the economy expanded with 162,000 jobs.
Americans' confidence in the economy has risen to its highest level in more than five years, bolstered by a more optimistic outlook for hiring.
U.S. stocks rose in midday trading Tuesday, pushed higher by a trifecta of encouraging economic reports.
Americans' confidence in the economy, lifted by a better outlook for hiring and business conditions, jumped in May to a five-year high.
Consumer confidence soared to a five-year high this month as an improving job market and double-digit gains in home prices lifted consumer spirits, the Conference Board reported Tuesday morning.
A rally that that brought the stock market to record highs this year came back to life after U.S. home prices rose the most in seven years and consumer confidence reached a five-year high.