WASHINGTON — Americans' confidence in the economy jumped this month, helped by a better outlook for the job market and expectations for higher pay.
The Conference Board, a New York-based private research group, says its consumer confidence index rose to 68.1 in April. That's up from a reading of 61.9 in March, which was revised slightly higher.
Consumers' confidence in the economy is watched closely because their spending accounts for about 70 percent of U.S. economic activity.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
