Consumers are cautiously optimistic about the economy, but aren't super confident about it.
The Consumer Confidence Index was 49.5 for this month, up from October's level of 48.7, the Conference Board reported today.
The New York City-based research organization's survey of 5,000 families also indicated that the Present Situation Index, which measures consumer assessment of current conditions, remained at 20.07.
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"The moderate improvement in the short-term outlook was the result of a decrease in the percent of consumers expecting business and labor market conditions to worsen, as opposed to an increase in the percent of consumers expecting conditions to improve," Lynn Franco, director of The Conference Board's Consumer Research Center said in a statement.
The percentage of consumers describing business conditions as "good" increased to 8.1%, from 7.8% in October, while those saying conditions are "bad" fell to 45.7%, from 46.7% in October.
The percentage of those who said jobs are "hard to get" increased to 49.8% from 49.7% in October, and those who said jobs are "plentiful" decreased to 3.2% from 3.5% in October.
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