The Consumer Confidence Index, reported by The Conference Board, rose to 102 from 97.5 in April, indicating that Americans’ attitudes toward the economy have improved in May. This positive shift was driven by improved perceptions of the job market, with consumers of all age groups feeling more optimistic about the economy. Despite a slight decrease in their assessment of current business conditions compared to the previous month, the strong labor market continued to support their overall positive outlook on the present situation.
Dana Peterson, the chief economist at The Conference Board, highlighted the role of the labor market in bolstering consumer confidence. As this story continues to develop, further updates will be provided. Stay tuned for more information as it becomes available. KTVZ NewsChannel 21 encourages civil and constructive conversation among its audience. Please ensure that your comments are respectful and relevant to the topic at hand. For guidelines on community engagement, you can refer to our Community Guidelines. If you have a story idea to share, please submit it for consideration.
