Consumer confidence index jumps

Any wonder why the left is harping on Gitmo and other nonsense. Talking down the economy is just not going to work for them

Latest Conference Board survey rises to a 3-year high in June; May revised higher.

Consumers felt far more confident about the economy in June, according to Tuesday's reading from a business research group that was above Wall Street expectations and a three-year high.

The Conference Board's June reading on confidence came in at 105.8, up from the revised 103.1 reading in May.

Economists surveyed by Briefing.com had forecast the index to rise to 104 from an original reading of 102.2 in May.

"The improvement in consumers' mood suggests that business activity and labor market activity will continue to pick up over the next several months," Lynn Franco, director of the Conference Board's consumer research center, said in a statement. "With consumers in better spirits, and job concerns remaining relatively steady, there is little reason to expect a dramatic shift in consumers' spending."