Americans last week held the most positive attitudes toward the economy in almost seven years, showing how a strengthening job market is putting the expansion on stronger footing.
The Bloomberg Consumer Comfort Index’s measure on the state of the economy advanced last week to its highest point since January 2008, according to a report today. Figures from the Labor Department showed fewer workers filed claims for jobless benefits over the past month than at any time since May 2000.
Confidence will probably keep climbing as consumers feel more secure in their jobs and gasoline prices retreat to the lowest level in three years. Bigger wage increases would help keep sentiment improving and lay the groundwork for gains in spending that will boost growth even as economies in Europe and emerging nations cool.
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