U.S. Consumer Confidence Rises From Seven-Month Low
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Confidence among U.S. consumers rose in October from a seven-month low, while measures of labor market sentiment showed the biggest part of the economy will have trouble accelerating.
The Conference Board’s confidence index increased to 50.2 from a revised 48.6 in September, figures from the New York- based research group showed today. The proportion of people who said jobs were plentiful fell to the lowest level this year and income expectations were the weakest since April 2009.