WASHINGTON (AP) — U.S. consumer confidence rose this month to its highest level in almost five years, helped by a better outlook for hiring over the next six months.
The Conference Board said Tuesday that its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.
The index is still below the level of 90 that is consistent with a healthy economy. It last reached that point in December 2007, the first month of the Great Recession. But the index has increased from the all-time low of 25.3 touched in February 2009.
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