Consumer confidence soared in May -, South Georgia News, Weather, Sports

Consumer confidence soared in May

By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) - More of you seem to think the worst of the recession may be over.

Consumer confidence is at its highest level since September. Economists say that's a sign that we're starting to spend more money.

In a recent survey Americans say they have increased their shopping.

The Consumer Confidence Index which had improved considerably in April. It now stands at 54.9 for May, up from 40.8 from last month.

That is still below 100 which indicates a healthy economy.

"I think I'm going to do a little bit of both, I'm mostly going to try to save because you never know when the economy is going to hit rock bottom again or you know a job may freeze up, so I do want to have some cushion money.

Americans are still cutting back on non-essentials like furniture as many still worry about job security.

The national unemployment rate is expected to jump three tenths of a percent to 9.2-percent this Month.


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