Concerns about jobs and inflation eased in April

Concerns about jobs and inflation eased in April



Apr 26, 2011

The Associated Press is reporting that a monthly survey by The Conference Board says concerns about jobs and inflation eased in April. According to the report, the Consumer Confidence index rose to 65.4 from a revised 63.8 in March. Economists expected a smaller rise to 64.8. This comes after an unexpected drop in March stemming from worries about rising gas prices and other household items. The index is still far from the reading of 90 that indicates a healthy economy. The AP says it hasn't approached that level since the recession began in December 2007.