Consumer Confidence Jumps on Better Outlook for Hiring, Pay

consumer confidence improves April
Rick Bowmer/APJob seekers at a recent job fair in Portland, Ore. Americans' confidence in the economy rose in April despite continued high unemployment and a rise in payroll taxes.
By Leah Schnurr

NEW YORK -- U.S. consumer confidence rebounded in April as Americans felt better about the outlook for the economy and their income prospects, according to a private sector report released Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes rose to 68.1 from an upwardly revised 61.9 in March. Economists had expected a reading of 60.8, according to a Reuters poll.

March was originally reported as 59.7. The expectations index gained to 73.3 from 63.7, while the present situation index improved to 60.4 from 59.2.

Even so, consumers remain vulnerable to concerns over the recent payroll tax hike and the $85 billion in automatic government spending cuts known as sequestration that was triggered last month, the report said.

"While expectations appear to have bounced back, it is too soon to tell if confidence is actually on the mend," Lynn Franco, director of economic indicators at The Conference Board, said in a statement.

Consumers' labor market assessment was mixed. The "jobs hard to get" index rose to 37.1 percent from 35.4 percent the month before, while the "jobs plentiful" index also gained to 9.8 percent from 9.5 percent.

Consumers felt better about price increases with expectations for inflation in the coming 12 months falling to 5.5 percent from 5.8 percent.


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setanta54s_back

WAIT A MINUTE HERE !

their other article claims that bedwetting ameriKa is up in a heap over theeeeeeeee economy.

so which is IT ????

May 01 2013 at 10:44 AM Report abuse +1 rate up rate down Reply
dencuddy

The recent payroll tax hike? You mean the one Dec 31st 2012, 4 full months ago?

April 30 2013 at 8:02 PM Report abuse -1 rate up rate down Reply
drbuckles

Free trade (NAFTA), deregulation of banks, led to a change in our economy, where the wages stagnated in the 70"s and production continues to rise, leading to large sums of wealth in the corporations hands to invest in overseas and stock market, , but didn't leave any for the workers/consumers.

So the deregulated banking sector created a system where they could sell houses to people who couldn't afford them, and packaged those loans up and sold them to the world, without having to take responsibility for them, causing a housing bubble that took our economy down, and then got bailed out, while the home owners got jack, losing their jobs.

They managed to create something they new would fail, and bet it would, and still manged to make out like bandits, at the same time the tax payers bailed them out. It's called turning the wealth of the country over to the oligarchy, with low taxes, and less regulation, so that they would create more jobs for the country. Did it work? You be the judge.

April 30 2013 at 7:39 PM Report abuse rate up rate down Reply
RON

MORE HUFF POST BULL****

April 30 2013 at 7:35 PM Report abuse rate up rate down Reply
kaptainbeyond

Don't know about the rest of the country, but here in California unemployment is over 9%, gas prices are over $4, state sales tax is nearly 10%, health insurance just jumped 25% and food prices are out of control and I'm supposed to be confident?

April 30 2013 at 6:41 PM Report abuse +1 rate up rate down Reply
1 reply to kaptainbeyond's comment
setanta54s_back

it's TIME TO PACK IT IN AND LEAVE.

find a tax free state and a FREE STATE as well.

let the libs foot THEIR BILLS for their socialist cesspools.

May 01 2013 at 11:01 AM Report abuse rate up rate down Reply
jtmpmm

The conference board is an industry group. I guess you think the corporations are messing with the info to do obama's bidding. That is crazy. Go find a job. Remember, it is not the pres job to find you a job.

April 30 2013 at 6:36 PM Report abuse rate up rate down Reply
1 reply to jtmpmm's comment
gymgorilla2

And tell everyone that jtmpmm said so!! LOL

April 30 2013 at 7:39 PM Report abuse +1 rate up rate down Reply
fkflintstone

where is this ...fantasyland?

April 30 2013 at 6:15 PM Report abuse +2 rate up rate down Reply
johnskii

My health insurance premiums just jumped over 18% and my consumer confidence has just fallen 50%....

April 30 2013 at 12:27 PM Report abuse +2 rate up rate down Reply
blueeyesolsen

The only thing jumping is the BS put out by the media when Obama says jump.

April 30 2013 at 11:40 AM Report abuse rate up rate down Reply
setanta54s_back

so..... how much longer can those printing presses keep printing ?
how much more DEBT can be accumulated ?

consumer confidence ? they're out there doing the best they can buying nonperishables as in canned goods,shoes ,underwear etc.

gonna get really ugly.

April 30 2013 at 11:17 AM Report abuse rate up rate down Reply