Joseph Brusuelas News
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Consumers’ economic outlook improved in May to its best reading in five months, showing Americans are looking beyond the current slowdown to a rebound in growth later this year.
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Consumer sentiment last week hovered close to its highest level in more than five years, a sign the biggest part of the U.S. economy will keep expanding.
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The number of Americans filing claims for jobless benefits unexpectedly dropped last week, and the average over the past month fell to the lowest level since before the last recession, showing employers have enough confidence in the economic outlook to hold onto workers.
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Consumer sentiment climbed last week to its highest level in more than five years as Americans felt the most upbeat about spending since before the recession began.
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Applications for U.S. unemployment benefits fell to a six-week low, a sign the labor market is improving after a setback last month.
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Consumer sentiment last week held close to a five-year high as Americans gained confidence their financial situation was mending, a sign the biggest part of the economy will keep expanding.
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Consumer sentiment jumped last week to the highest level in more than five years as record stock prices and the rebound in housing made more Americans feel the expansion will be maintained.
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Confidence among U.S. consumers was little changed last week as gains for top earners helped overcome growing pessimism at the other end of the income scale.
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Aug. 2 (Bloomberg) -- Bloomberg economist Joseph Brusuelas talks about European Central Bank President Mario Draghi’s remarks today on efforts to support the euro-region economy. (Joseph Brusuelas is a Bloomberg economist. The opinions expressed are his own. Source: Bloomberg)
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Confidence among U.S. consumers stabilized last week, stemming a pullback in sentiment that had threatened to check recent gains in spending.
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