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News on the economy once again takes a positive turn, with the private research institute The Conference Board reporting that American consumer confidence has reached heights not seen since October 2007, roughly one year before what many consider to be the start of the Great Recession.
"Strong job growth helped boost consumers’ assessment of current conditions," Lynn Franco, director of Economic Indicators at The Conference Board is quoted as saying on the company website. "Brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations."
As Nina Glinski at Bloomberg points out, the gap between those who are pessimistic about the job market and those more optimistic is also the smallest it's been since May 2008.
Another economic indicator that is getting a lot of attention is an uptick in the nation's GDP.
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