November 25, 2003
66 MORE YEARS:
Consumer confidence rises in November to highest level in more than a year (Adam Geller, 11/25/2003, Associated Press)
Steady improvements in the job market helped push consumer confidence in November to its highest level in more than a year, a private research group reported Tuesday.After rebounding last month, the Conference Board's Consumer Confidence Index rose again to 91.7 in November, up from a revised 81.7 in October. The reading, the highest since September 2002, was well ahead of the 85.0 projection by analysts. [...]
Perceptions of the current economy improved, Franco said, a sign that ''consumers believe a slow but sure labor market turnaround is underway. The rise in expectations is a signal that consumers will end this year much more upbeat than when the year began.''
The strong one-month rise in the confidence reading shows that consumers are taking notice of recent reports on the nation's improving employment situation, economists said.
And if you want to see why Democrats are acting so hysterical, check out the subhead on this one: Economy grows at 8.2 percent pace in third quarter: Strongest showing since 1984 (Jeannine Aversa, 11/25/2003, Associated Press) Posted by Orrin Judd at November 25, 2003 7:29 PM
Soon we'll be hearing from the Democrats about what little control a president can have over the economy.
Posted by: Jerome Howard at November 25, 2003 8:08 PMOr from Harry about how 8.2% can't possibly be true.
Posted by: jd watson at November 25, 2003 9:52 PMWhich would be the first thing the Democrats have said that makes the tiniest bit of sense.
Posted by: Jeff Guinn at November 26, 2003 8:44 AMVirtually the same headline appeared above the fold in today's Washington Post. Coupled with the Medicare bills, I'm afraid a lot of Democrats in the various candidates' campaigns are going to need lots of Maalox and Alka-Seltzer to help keep tomorrow's turkey down in their stomachs where it belongs.
Posted by: Joe at November 26, 2003 7:15 PM