The closely followed index rose 6.9 points from a revised WAS 110.1 in June, the Conference Board said Tuesday.
“Greater confidence was evident across all age groups, and among both consumers earning incomes less than $50,000 and those making more than $100,000,” said Dana Peterson, chief economist at the board.The future-expectations index is now well above the 80 mark that often signals a recession ahead. The index has been below that level in every month except for two in the 16 months preceding the July report.
Yet the U.S. jobs market is as good as it’s been in years, with Americans saying jobs are easy to find. Unemployment is near the lowest level since the 1960s and wages have risen more rapidly to help offset some of the inflation pain.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Daily_Forex - 🏆 567. / 51 Read more »