U.S. consumer confidence jumped in January (highest in 8 months)

[The Straight Story]

WASHINGTON — U.S. consumer confidence rose in January to its highest point in eight months, but remains well below the levels indicating a healthy economy.

The Conference Board says its Consumer Confidence Index climbed to 60.6 this month, up from 53.3 in December. While that reading was better than economists had expected, confidence is still far from the 90 readings that signal a healthy consumer mindset.

Americans' views on the current economy and their expectations for the future both improved as people feel better about the job market.

"Consumers rated business and labor market conditions more favorably and expressed greater confidence that the economy will continue to expand and generate more jobs in the months ahead," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement.


http://www.msnbc.msn.com/id/41251437/ns/business-eye_on_the_economy/?ns=business-eye_on_the_economy&from=toolbar

[bluestateguy]

1. It's not Morning in America yet

but the sunrise is only a couple of hours away.

[ejpoeta]

2. and who pray tell will take credit for that??? i will give you a hint....

starts with an R and has an orange crying man in charge.

[Statistical]

3. In visual form.

I would like to see it break out above 62 (eclipse the prior high).