Consumer confidence up; more Americans file for first-time unemployment
Consumer confidence up; more Americans file for first-time unemployment
Consumer confidence in the United States steadied last week as fewer firings helped ease concern about higher gasoline prices, Bloomberg reported. The Bloomberg Consumer Comfort index was minus 46.4 in the period ended Jan. 22, up from a reading of minus 47.4 the prior week. The index ranges from 100, indicating all participants surveyed were confident in every index component, to negative 100, indicating all views were negative. In a separate report, first-time unemployment claims were up by 21,000 in the week ended Jan. 21.
Consumer confidence in the United States steadied last week as fewer firings helped ease concern about higher gasoline prices, Bloomberg reported.
The Bloomberg Consumer Comfort index was minus 46.4 in the period ended Jan. 22, up from a reading of minus 47.4 the prior week. The index ranges from 100, indicating all participants surveyed were confident in every index component, to negative 100, indicating all views were negative.
In a separate report, first-time unemployment claims were up by 21,000 in the week ended Jan. 21.
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