Consumers Feel Confident About Labor Market

By Staff Writer May 30, 2019

The Conference Board Consumer Confidence Index improved in May, following an increase in April.

The Index now stands at 134.1, up from 129.2 in April. 

Consumers’ outlook for the labor market was also more favorable. The proportion expecting more jobs in the months ahead increased to 19.2 percent from 16.7 percent, while those anticipating fewer jobs declined to 12.5 percent from 13.2 percent.

Regarding their short-term income prospects, the percentage of consumers expecting an improvement increased to 22.6 percent from 21.5 percent. However, the proportion expecting a decrease rose to 8.2 percent from 6.8 percent.

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Last modified on Saturday, 08 June 2019 18:30