Wednesday, September 28, 2016

CONSUMER CONFIDENCE IN SEPTEMBER IS OUTSTANDING, HIGHEST SINCE AUGUST 2007

More signs that the economy is good.  Consumer confidence is high* and household income is soaring.**  (Quotations from article are in italics.)

A key measure of consumers' attitudes increased in September, to its highest level since the recession.
The Consumer Confidence Index hit 104.1 in September, The Conference Board said on Tuesday. Economists expected the Consumer Confidence Index to hit 99.0 in September, down from August's revised reading of 101.8, according to Thomson Reuters consensus estimate.
 (Click on figure to enlarge)

A larger share, 27.9 percent of those surveyed, felt that jobs were plentiful in September, up from 26.8 percent in the prior month. Those claiming jobs were "hard to get" declined to 21.6 percent, from 22.8 percent, The Conference Board said.

Well some will never recognize the economy is good because they are the ones left out.  That is capitalism.  Somebody always gets left out.  Presumably this is a rather small number of people.  some people are left out because of not all people benefit fro trade packs, but there is a Federal program to help them:

The Trade Adjustment Assistance (TAA) Program is a federal program that provides a path for employment growth and opportunity through aid to US workers who have lost their jobs as a result of foreign trade. The TAA program seeks to provide these trade-affected workers with opportunities to obtain the skills, resources, and support they need to become reemployed.***

* http://www.cnbc.com/2016/09/27/consumer-confidence-for-september-reported-by-the-conference-board.html
** http://stopcontinentaldrift.blogspot.com/2016/09/how-good-do-things-have-to-get-before.html
*** http://stopcontinentaldrift.blogspot.com/2016/07/tpp.html

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