Consumer confidence last week held near its 2014 high as views on the U.S. economy were the second- strongest since 2008.
Americans’ outlook of the U.S. economy rose in June to a one-year high, driven by an improving job market that has the potential to boost spending.
Fewer Americans are filing applications for unemployment benefits, consumer confidence is rising and manufacturing is picking up as the world’s largest economy shows additional signs of strengthening.
Canadian consumer confidence fell for a third week, as optimism about personal finances dimmed to the lowest in almost a year.
Fewer Americans applied for unemployment benefits over the past month than at any time in seven years, a sign of a healthier labor market that’s helping brighten consumer sentiment.
Consumer confidence declined last week to the lowest level since November as Americans’ views of their finances and the buying climate weakened.
"The stabilization in consumer sentiment near cyclical highs has to do with the slower pace of firing and growing confidence among Americans that they will find jobs."
- Joseph Brusuelas on Jul 17, 2014
Bloomberg - The First Word: Aug. 1, 2014 (Audio)
First Word: July 31, 2014 (Audio)
Bloomberg BRIEF: Data Signal Early Fed Move – July 7th (Audio)
Brusuelas Sees ‘Very Encouraging’ Economic Data
Brusuelas Discusses New Home Sales, Jobless Claims