Why is the economy booming?
NEW YORK (AP) – Consumer confidence hit a six-year high in July, a widely watched gauge of sentiment showed on Tuesday, as Americans shrugged off falling home prices to focus on a healthy jobs market, instead.
The New York-based Conference Board said that its Consumer Confidence Index, rebounded to 112.6, its highest level since August 2001 when it recorded a 114.0 reading
“An improvement in business conditions and the job market has lifted consumers’ spirits in July,” said Lynn Franco, director of The Conference Board Consumer Research Center.
A healthy outlook for jobs has been helping consumers. The Labor Department is expected to show an increase in 135,000 jobs in July when it reports monthly figures on Friday. The unemployment rate is projected to be steady at 4.5 percent
http://www.breitbart.com/article.php?id=D8QNM25O0&show_article=1%27
Gee, with all the gloom-&-doom spin from the Left, you’d think we were headed for another Great Depression!