Strong labor market boosts U.S. consumer confidence

Strong labor market boosts U.S. consumer confidence May 28, 2019 Admin Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories.

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A strong labor market is giving a boost to consumer confidence. credit: Shutterstock So far, U.S. consumers are still confident and seem willing to continue opening their purse strings, according to the most recent Conference Board’s Consumer Confidence Index for May.

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Strong labour market boosts US consumer confidence Yield on the benchmark 10-year note drops to its lowest level since October 2017 28 May 2019 – 20:16 Lucia Mutikani

WASHINGTON (Reuters) – U.S. consumer confidence jumped to a near 17-year high in October, with households upbeat about the labor market and business conditions, which could underpin consumer spending.

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The labor market is near full employment, with the unemployment rate at 4.3 percent. strong consumer confidence bodes well for consumer spending, which accelerated in the second quarter after slowing.

WASHINGTON (Reuters) – Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was.

WRAPUP 1-Strong labor market boosts U.S. consumer confidence. reuters tue, Target CEO says the US consumer is as strong as ever: ‘They’re seeing wages rise’ wed, Oct 24th 2018.

WASHINGTON, May 28 (Reuters) – Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity.

WASHINGTON (Reuters) – Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories.

On Jul 30, the Conference Board released U.S. consumer confidence data. has given a major boost to the second quarter.

Strong labor market boosts U.S. consumer confidence, by Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories.