Consumer confidence rose in April to the best level of the year, as consumers took a more optimistic view of the jobs market and their income prospects.
The Conference Board’s Consumer Confidence Index climbed to 92.8 from an upwardly revised 92.2 in March, handily beating the consensus forecast of 89 in surveys of economists conducted by both Bloomberg and the Wall Street Journal.
The Expectations Index — measuring consumers’ six-month outlook for income, business, and labor market conditions — rose 1.2 points to 72.2, driven by improving views on both the job market and household income. The labor market differential, a closely watched…
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