Consumer Confidence Up Despite Weak Economic News

JEFFERSON CITY, Mo. -- Despite mixed signals on the national economy, we're confident things are going to get better for us.

The Consumer Confidence Index pulled out of a five-month slide in figures announced today by the ConsumerReportsNationalResearchCenter. More than 53 percent say things are looking up.

The research also finds that fewer of us are having financial problems, and we're also getting out and buying things, or making plans to make large purchases in the weeks or months ahead.

According to Consumer Reports, "the sharp rise in consumer sentiment, which jumped to its highest level since October 2008 (53.1 from 47.5 the previous month), saw gains among households earning less than $50,000 (+5.5 pts) as well as households earning $100,000 or more (+7.7 pts)."

Read More Here

The economy added 80,000 jobs in June, the Labor Department reported Friday, barely an improvement from the 77,000 jobs added in May.

See Also:
June Jobs Report: Hiring Weak, Unemployment Unchanged