Pickup in confidence shows Americans upbeat on jobs, economy

Pickup in confidence shows Americans upbeat on jobs, economy

Pickup in confidence shows Americans upbeat on jobs, economy

There was a less favourable trend in expectations of income prospects with a small decline in the number of respondents expecting an improvement in incomes over the next 6 months. "Consumers' assessment of current conditions remained at a 16-year high (July 2001, 151.3) and their expectations for the short-term outlook improved somewhat after cooling last month". Also, the UoM confidence survey out on July 14th, which has the same cut off date as today's Conference Board number, saw a 2 pt m/o/m decline to the lowest since October.

Federal Reserve Chairwoman Janet Yellen said in her congressional testimony earlier this month that she has "a reasonable level of confidence that the expansion can continue" and that with respect to consumer debt, "households are generally in a stronger position". Economists closely monitor the index because consumer spending accounts for more than two-thirds of economic activity in the country.

Russian police to monitor Syrian "safe zones"
There was no immediate mention on Syria state media of the airstrikes or comment from the Syrian regime's military. Syrian warplanes have carried out a number of air strikes in rebel-held Eastern Ghouta in the past few days.

The proportion of those who responded to the survey upon which the July index was based who described business conditions as "good" rose 2.7 points to 33.3 percent.

US consumer confidence improved unexpectedly in July, underlining optimism over the health of the economy, industry data showed on Tuesday. Those saying jobs were "plentiful" rose to 34.1% in July, compared with 32% in June.

Spanish Policeman Attacked on Morocco Border, Man Arrested
He was immediately subdued by police agents, arrested and brought to a police station, where he is being questioned. Melilla, alongside Ceuta, is a Spanish enclave located on mainland Africa.

Consumers were also less likely to fear that in the coming months jobs would become more scarce.

The June retail sales report was weaker than expected, maintaining the generally weak run of sales readings over the past few months which has been in significant contrast with upbeat readings for consumer confidence.

Google Launches SOS Alert Feature In Search, Maps For Emergencies
On the Maps side, users will also be shown where the incident is taking place and locations where they can seek refuge. The feature is largely meant to help out people who are actively looking for information about a disaster.

Related news