consumer confidence
By Leah Schnurr

U.S. consumer confidence unexpectedly rose in July as Americans were more optimistic about the short-term outlook than they were about their current conditions, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes climbed to 65.9 from a upwardly revised 62.7 in June, topping economists' expectations for a decline to 61.5.

June was originally reported as 62.0.

Despite the improvement, confidence still remains at historically low levels, Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement.

"While consumers expressed greater optimism about short-term business and employment prospects, they have grown more pessimistic about their earnings. Given the current economic environment - in particular the weak labor market - consumer confidence is not likely to gain any significant momentum in the coming months," said Franco.

The expectations index improved to 79.1 from 73.4, while the present situation index edged down to 46.2 from 46.6.

Consumers' labor market assessment was mixed as the "jobs plentiful" index slipped to 7.8 percent from 8.3 percent, while the "jobs hard to get" index also fell to 40.8 percent from 41.2 percent.

The view in six months from now was more optimistic, with 17.6 percent expecting to see more jobs, up from 14.8 percent in June.

But consumers were more concerned about price increases, with expectations for inflation in the coming 12 months rising to 5.4 percent from 5.3 percent.


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delawarejack

The complete and utter collapse of the entire global economy, including & led by the United States will make every one of the false positive statements being incessantly made by media world-wide ( which is spreading like a cancer ) join previous foolish & wrong statements like " the Titanic is Unsinkable " .. But, this collapse will make the Titanic statement pale in comparison ! .... The greatest depression known to the entire human race is coming in 2013 .. It is coming and nothing anybody can say or do will be able to stop our plunge into the depths of total & complete economic Hell .... and so it WILL go ..

September 25 2012 at 5:33 PM Report abuse rate up rate down Reply
kafienkarl

Mitt the moderate mormon RomneyCare says he stands with Israel. He has no idea what he's talking about. Obama's strategy has been very good and Israel knows it. Romney is trying to appear tough. Many republicans that are logical/smart will tell you Obama has been tough and very good as far as foreign affairs.

August 01 2012 at 11:02 AM Report abuse +2 rate up rate down Reply
kafienkarl

When you have time google the cost of MEDiCARE D the huge government program shoved down our throats by Republicans the same Republicans who say they are against big expensive government programs. They obviously play both sides because of their identity crisis following BUSH...a FACT

August 01 2012 at 10:56 AM Report abuse +1 rate up rate down Reply
kafienkarl

Romney's jobs record a little shaky
The contender for the Republican presidential nomination says he is the man to get Americans back to work. But during the years he was governor of Massachusetts, the state ranked among the last in the nation in job creation.
July 10, 2011|By Tom Hamburger, Washington Bureau
I'm told by people that handed us this economic mess that RomneyCare has all the economic answers. The notion that RomneyCare will help the middleclass is a joke. Romney types are the problem. The financial gap between the wealthy and poor is not sustainable.

August 01 2012 at 10:52 AM Report abuse rate up rate down Reply
kafienkarl

RomneyCare has been in the 1% his entire life. He's an elitest/multi-millionaire. Romney is getting financial support for his campaign from Adelson a Las Vegas multi-billionaire who makes his money in China. RomneyCare the moderate mormon created/signed into law RomneyCare the health care plan that has an individual mandate that tea party folk bitch about but will vote for the creator of the model for the nation. a FACT
Romney banned assault weapons. Romney just praised the socialized health care plan in Israel. Did RomneyCare serve Vietnam? nope he went to France. pathetic.

August 01 2012 at 10:39 AM Report abuse rate up rate down Reply
1 reply to kafienkarl's comment
democracks0

Obamas the 1% and lives like a king off the backs of the taxpayers.

August 02 2012 at 2:54 PM Report abuse rate up rate down Reply
chris1011

1. lNDlVlDUAL MANDATE.

Romney signed lndividual mandate as Gov of Mass 2006 - DEFENDED it in 2008
TODAY: Romney opposes lndividual Mandate he initiated

2. lNDlVlDUAL MANDATE (again).

JUST TWO YEARS AGO: Supported a Federal lndividual Mandate.
TODAY: Romney opposes an lndividual Mandate

3. GREEN ENERGY:

2003: Created Green Energy fund, to support alternative energy sources.
TODAY: He opposes green-energy and criticizes Obama for supporting it.

4. lMMlGRATl0N

2006 Romney supports path to citizenship for law-abiding iIIegal lmmigrants.
2012: Force iIIegal lmmigrants to self "DEP0RT" by making their Iives miserabIe.
2012: RYAN-ROMNEY-PETERSON sIashs border control funding - ZERO iIIegals.

5. TAXES:

Raised Property Taxes and Corporate taxes AS GOVERNOR OF MASS
TODAY: Romney opposes new taxes on RlCHEST & Corporations but Taxes 99%

6. AB0RTl0N:

2002: "I will preserve and protect a W0MAN’s right to CH00SE."
TODAY: 0pposes

7. MILITARY SERVICE:

1994: "I was not planning on signing up for the military - to serve in VlETNAM." B0ST0N HeraId.
2007: Wishes he had served. But had a Great time in France!

8. ROMNEY on GAY MARRIAGE

1994: I am to the left of Ted Kennedy on gay rights/issues. Aug. 25, 1994: "authorization of marriage on a same-sex basis falls under state jurisdiction."

June 13, 2010: Supports a constitutional amendment to ban gay marriage.

2012: Romney doesn't support gay marriage or civil unions for lgbt people; doesn't even support civil unions for heterosexual couples now.

August 01 2012 at 5:54 AM Report abuse +2 rate up rate down Reply
dxl504

Many Republicans call Social Security and Medicare entitlements. But I paid as everyone else for my social security and my medicare each week in my paycheck. If Paul Ryan wants to make it a voucher system then I want my money back that I paid into medicare for 30 years.

August 01 2012 at 12:54 AM Report abuse +4 rate up rate down Reply
1 reply to dxl504's comment
marceljerry2

30 yrs and you are still dumb. The vouchers will not apply to you. Or maybe you would like your money back to double dip.

August 05 2012 at 11:46 PM Report abuse rate up rate down Reply
chris1011

Two groups used the 47th anniversary of Medicare Monday to alert the elderly in Wisconsin to proposed changes that would affect the government health care program. The lunchtime presentation at the Madison Senior Center was one of four statewide celebrations of Medicare's longevity.

About 25 seniors listened as Billy Feitlinger from the Wisconsin Alliance for Retired Americans explained that Medicare would change if federal health reform is repealed.

He said colonoscopies wouldn't be covered and prescription drug costs would rise for some. Without mentioning political affiliation of those proposing to get rid of the Affordable Care Act, Feitlinger encouraged the elderly to contact their lawmakers on this issue. "So some people in Congress want to repeal it," he said. "You have a responsibility, Congress, if you want to repeal it the Affordable Care Act, to tell with what we want to replace it. "

In addition, paying for Medicare could change. Wisconsin Republican Paul Ryan has proposed replacing Medicare with vouchers to buy private insurance. Seventy-year-old Gene Wells of Madison doesn't' t like this idea. "I don't think the voucher is enough to pay for health care," he said. "I think it should be provided under Medicare for senior citizens."

The Medicare briefings were held in in Eau Claire, Milwaukee, Green Bay and Madison. They were put on by the Wisconsin Alliance for Retired Americans and Know Your Care Wisconsin.

July 31 2012 at 11:56 PM Report abuse rate up rate down Reply
1 reply to chris1011's comment
democracks0

I see Evan logged into another one his screen names to get one last post in. LOL.

Chrissy/Evan AOL'S copy and paste poster child.

Evan is such a dope

August 01 2012 at 1:25 AM Report abuse -3 rate up rate down Reply
democracks0

Evans still voting comments down. LMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

July 31 2012 at 11:41 PM Report abuse -3 rate up rate down Reply
democracks0

Evan graduated from Acorn University and got a degree in voter fraud and leftwing lunacy.

Congratulations Evan.

July 31 2012 at 11:30 PM Report abuse rate up rate down Reply