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Consumer confidence rebounded in January amid growing trust in the U.S. labor market’s strength.
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The Consumer Confidence Index climbed by 3.4 points to 131.6 in January, according to a preliminary reading released Tuesday. The increase came after a slight fall in December.
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The upbeat sentiments were “driven primarily by a more positive assessment of the current job market and increased optimism about future job prospects,” Lynn Franco, director of economic indicators at The Conference Board, said in a statement.
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