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Consumer confidence rose for the fourth straight month in July thanks to steady improvements in the job market, the Conference Board reported Tuesday, putting the indicator at a two-year high.
The New York-based research group reported that its index for consumer confidence rose to 106.1 in July, up from 102.8 in June and well ahead of the figure of 102.0 that investors had been expecting. It was the highest level for the indicator since June 2002.
The economic news keeps getting worse and worse for the Democrats.
"Evil is Powerless If the Good are Unafraid." -Ronald Reagan
That's because consumer confidence has been desperately bleak for the last two years --- lower than at any time since the early 90's. The current 106.1 number still pales in comparison to the steady 120-140+ numbers of the late 90's.
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