Consumer Confidence Surges in September
September 29, 2020
U.S. consumers are growing more optimistic about the state of the economy, according to the Conference Board’s index of consumer confidence. The index jumped to 101.8 in September from 86.3 in August, the biggest increase since April 2003.
As the labor market continues to improve and the coronavirus surge that many parts of the country saw over the summer begins to recede, Americans’ expectations for their finances and the direction of the economy have improved.
Consumers’ view of the labor market has improved dramatically in recent months, with 22.9% saying that jobs are “plentiful” in September, compared with just 16.5% who felt the same way in May.