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Americans Gain Confidence as Job Market Improves

Bloomberg (12/24/14) Michelle Jamrisko; Shobhana Chandra

The Bloomberg Consumer Comfort Index went up to 43.1 for the period ending Dec. 21, the highest since October 2007. The gauge has increased by eight points over the past three months, and the reading shows the strength of the post-recession economy. Jobless claims hit a seven-week low that same week.

“It looks like consumers are in high gear heading into next year,” said Sean Incremona, senior economist at 4Cast Inc. “Better labor market conditions, better support for personal income, gas prices—we’re really seeing good momentum.”