Let's get the tax cuts passed and really get this economy going!
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Consumer Confidence Hits Fifteen Year High
U.S. consumers are the most confident in the U.S. economy in 15 years, buoyed by the strongest job market since before the Great Recession.
The survey of consumer confidence rose to 114.8 in February from 111.6 in January, according to the Conference Board, the private company that publishes the index. That’s the highest level since July 2001.
A much healthier labor market has lifted the spirits of consumers. The share of those living in the U.S. who said jobs are “hard to get,” for example, fell to an eight-year low of 20.3% in February.
Millions of Americans have found new jobs since 2010, tugging the unemployment rate below 5% and forcing companies to increase pay somewhat faster after years of sluggish wage growth. What’s more, companies continue to hire at a steady clip and job openings remain a record high.
Republicans and independents are especially hopeful the economy will get better. The U.S. has expanded for nearly eight years, but the expansion has been the weakest in modern history. The U.S. has failed to achieve 3% annual growth for a record 11 straight years.
Younger consumers' confidence actually plunged, but was more than offset by a huge jump in among those 55 years and older.
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Consumer Confidence Hits Fifteen Year High
U.S. consumers are the most confident in the U.S. economy in 15 years, buoyed by the strongest job market since before the Great Recession.
The survey of consumer confidence rose to 114.8 in February from 111.6 in January, according to the Conference Board, the private company that publishes the index. That’s the highest level since July 2001.
A much healthier labor market has lifted the spirits of consumers. The share of those living in the U.S. who said jobs are “hard to get,” for example, fell to an eight-year low of 20.3% in February.
Millions of Americans have found new jobs since 2010, tugging the unemployment rate below 5% and forcing companies to increase pay somewhat faster after years of sluggish wage growth. What’s more, companies continue to hire at a steady clip and job openings remain a record high.
Republicans and independents are especially hopeful the economy will get better. The U.S. has expanded for nearly eight years, but the expansion has been the weakest in modern history. The U.S. has failed to achieve 3% annual growth for a record 11 straight years.
Younger consumers' confidence actually plunged, but was more than offset by a huge jump in among those 55 years and older.