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Consumer confidence rises along with wages, jobs

Published: June 15, 2015
In early June, consumer confidence recovered to what it was at the beginning of 2015, a study at the University of Michigan says.

The confidence index jumped up 3.9 points from May, from 90.7 to 94.6, reaching a level that was last recorded in 2007 before the recession.

Confidence was bolstered by rising wages, the study says, as households expected the largest wage gains this month since 2008. Furthermore, inflation is expected to remain low.

The results come just a week after the Bureau of Labor Statistics announced that the U. S. economy added 280,000 jobs in May.