Americans’ attitudes toward the economy improved this month for the first time since March, thanks to better perceptions of the job market.
The Conference Board’s Consumer Confidence Index for this month climbed to a reading of 102, up from 97.5 in April. Americans of all age groups felt better about the economy, the survey noted. That’s after consumer confidence declined in each of the prior three months.
“Consumers’ assessment of current business conditions was slightly less positive than last month. However, the strong labor market continued to bolster consumers’ overall assessment of the present situation,” Dana Peterson, chief economist at The Conference Board, said in a release.
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