Consumer and Investor Confidence Soars Following Jobs Report
On Friday, the government reported a decline in the unemployment rate to 7.8%, the lowest level in more than three years. Over the weekend, consumer and investor confidence jumped to levels nearing the high water marks of 2012.
The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, gained seven points on Monday to 93.2. That’s an increase of 11 points since Friday’s jobs report. Overall, confidence is up four points from a week ago, up nine points from a month ago and up three points from three months ago.
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