Consumers Gain Confidence as Job Outlook Picks Up

From BLOOMBERG:

Consumers in the U.S. turned more optimistic in April as the growing economy raised hopes jobs will become available.

The Conference Board’s confidence index rose to 57.9, exceeding all forecasts of economists surveyed by Bloomberg News and the highest level since Lehman Brothers Inc. collapsed in September 2008, according to data from the New York-based private research group. The measure averaged 97 during the last expansion.

Americans’ outlook for the next six months climbed to the highest level since October 2007, two months before the recession began, as almost one in every five people polled thought the world’s largest economy and employment would improve…

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