U.S. Consumer Confidence Rebounds in Dec (much more than expected)

[papau]

Conference Board's Present Situation Index rose to 105.9 in December from 96.3 in November. The Expectations Index jumped to 99.9 from 90.2 in November. "..those saying that jobs are "plentiful" increasing to 19.4 percent in December from 17.1 percent in November."

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20041228/bs_nm/economy_consumers_dc

U.S. Consumer Confidence Rebounds in Dec
By Ellen Freilich

NEW YORK (Reuters) - U.S. consumer confidence rebounded in December to a five-month high as job growth and economic expansion buoyed consumers' spirits.

The Conference Board's consumer confidence index jumped to 102.3 from a revised 92.6 in November as consumers' satisfaction with both the current state of the economy and prospects for next year improved, the private business group said on Tuesday.

The index surpassed economists' forecasts of a 94.6 December reading.

"The huge surprise on the upside is telling us that labor market conditions are probably better than perceived," said Anthony Chan, managing director and senior economist at JP Morgan Fleming Asset Management. <snip>

[papau]

1. DUPE

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1103697

[shraby]

2. Problem for me is....

I can't believe anything from MSM or this administration any more.

[papau]

3. true - MSM has joined the spin and repeat lies without comment GOP

sad

:-(