US consumer confidence unexpectedly improves in May
WASHINGTON - U.S. consumer confidence unexpectedly improved in May after deteriorating for three consecutive months amid optimism about the labor market, a survey showed on Tuesday.
"Views of current labor market conditions improved in May, as fewer respondents said jobs were 'hard to get,' which outweighed a slight decline in the number who said jobs were 'plentiful'," said Dana Peterson, chief economist at the Conference Board."Nonetheless, the overall confidence gauge remained within the relatively narrow range it has been hovering in for more than two years.
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