Tuesday, May 28, 2013

Consumer Confidence Jumps to a 5 year high

Housing prices jump 22.2% in San Francisco, Ca.
                                  20.6% in Las Vegas, Nevada
                                  22.5% in Phoenix, Arizona
                                  19.1% in Atlanta, Georgia

Overall consumer confidence jumps from 69% to 76.2%
which is a 5 year high.

However, this doesn't necessarily mean more jobs right away (but it could). Because when people
sell their houses for a price they can live with often they buy new things and this creates more jobs both in the U.S. and abroad.

Source: NBC Nightly News with Brian Williams on May 28th 2013.

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