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Consumer confidence climbs in June

June 30, 2015

The Conference Board’s consumer confidence index for the US rose in June to a reading of 101.4 (1985=100), up from a May reading of 94.6, The Conference Board announced today.

“Consumer confidence improved further in June, following a modest gain in May,” said Lynn Franco, director of economic indicators at The Conference Board. “Over the past two months, consumers have grown more confident about the current state of business and employment conditions. In addition, they are now more optimistic about the near-term future, although sentiment regarding income prospects is little changed. Overall, consumers are in considerably better spirits and their renewed optimism could lead to a greater willingness to spend in the near-term.”

Consumers’ outlook for the labor market was also more upbeat. Those stating jobs are “plentiful” increased to 21.4% from 20.6% who said the same in May, and those claiming jobs are “hard to get” fell to 25.7% from 27.2%. Those anticipating more jobs in the months ahead increased to 17.8% from 14.7%, while those anticipating fewer jobs fell to 15.1% from 16.6%.