General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsComfort Index Climbs as U.S. Economy Views Reach Five-Year High
By Victoria Stilwell - Jul 25, 2013
Consumer confidence rose last week as an improving job market helped make Americans the least pessimistic about the economy in more than five years.
The Bloomberg Consumer Comfort Index (COMFCOMF) improved to minus 27.3 in the seven days ended July 21, matching its highest level since January 2008, from minus 28.4 the prior period. The measure tracking perceptions about the worlds biggest economy posted its biggest advance since September 2008.
Rising home and equity values this year have brightened consumers moods, which may help propel spending following a lull last quarter. The increase in confidence last week was broad-based with six of seven income brackets showing gains, indicating gains in employment are making households more convinced the economic expansion will be sustained.
What were seeing here is consumer sentiment continuing to move in a tight range likely based on Americans perceptions of growing job security, said Joseph Brusuelas, a senior economist at Bloomberg LP in New York.
more...
http://www.bloomberg.com/news/2013-07-25/comfort-index-climbs-as-u-s-economy-views-reach-five-year-high.html
DCBob
(24,689 posts)They have been desperately trying to kill the economy with political obstruction and convince Americans everything has become a disaster due to Obama's socilaist policies. They look like complete idiots.
Igel
(35,320 posts)And to think, only 4 years after the recession ended.
Scurrilous
(38,687 posts)zappaman
(20,606 posts)When are we going to impeach him???
Some here really want him to be impeached.
zappaman
(20,606 posts)It garnered a whole lot of RECS and then when the troll was nuked, it seems like a bunch of DUers rushed back into the thread to UN REC their RECS.
Rex
(65,616 posts)I think that is one of the best tools on DU...get to see who recs or votes for what.
arely staircase
(12,482 posts)geek tragedy
(68,868 posts)PowerToThePeople
(9,610 posts)Rex
(65,616 posts)More of that, 'we will never work with Obama' stuff. They no doubt will do everything in their power to thwart the economy.