Originally Posted by Rohirrim
Consumer confidence in October rose to its highest level in four years, boosted by improvements in the job market.
The closely watched index, which measures how Americans feel about the economy, edged higher to a reading of 72.2 from a downwardly revised 68.4 in September, according to The Conference Board, a business research firm.
It marks the highest level since February 2008, when the country was at the early stages of a long and deep recession.
The reading came in slightly higher than what economists were expecting, according to a Briefing.com consensus.
Consumer confidence only means the people with jobs feel they aren't going to lose them in the immediate future. A good thing but it doesn't mean economy growing. You could say it means it has leveled off and people who still have jobs feel good about their situation.