Consumer confidence rose in October to its highest level this year, according to a survey released by The Conference Board.
Read More »Unemployment Rate Inches Up Even as Jobs Numbers Increase
The nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós unemployment rate inched up to 7.9 percent in October, even as the economy added 171,000 jobs, the Bureau of Labor Statistics reported Friday. The labor force--the sum of employed and unemployed--improved in October, causing the bump in the unemployment rate and signaling renewed confidence among those on the sidelines that jobs are available. With its mixed results, the report provides fodder for both President Barack Obama and Governor Mitt Romney four days before Election Day.
Read More »74% of Consumers Unmoved by Fed’s Promise of Low Rates
The Federal Reserve's commitment to keep interest rates low until 2015 isn't doing much to persuade consumers to borrow.
Read More »Deloitte: Home Price Gains Boost Consumer Spending in September
A significant increase in home prices helped push Deloitte's Consumer Spending Index up in September, the company reported.
Read More »Spending Growth Outpaces Income in August
Consumer spending rose $57.2 billion - 0.5 percent - in August, but personal income improved just $15 billion, 0.1 percent, the Bureau of Economic Analysis reported Friday.
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