Consumer confidence unexpectedly on rise

30 Sep 2015 | Author: | No comments yet »

Consumer confidence rises in September despite market volatility.

But the Labor Department reported earlier this month that job growth slowed in August and stocks have trended downward in recent weeks because of global economic troubles, particularly in China and other emerging markets. The portion saying jobs are “plentiful” climbed to 25.1% from 22.1%, though the ranks of those stating jobs are “hard to get” also increased, to 24.3% from 21.7%. Consumer perceptions tend to affect their spending, which accounts for about 70% of the economy and has advanced solidly in recent months as tumbling gas prices have left Americans with more discretionary cash.

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