Consumer sentiment jumps in April on lower gas prices and more optimism about the economy
The numbers: The final survey of U.S. consumer sentiment in April slipped to 65.2, but it still marked the highest reading in three months and the first increase this year. Americans felt better about falling gasoline prices and were more optimistic about the future.
The index registered a preliminary 65.7 earlier in the month, up from an 11-year low of 59.4 in March. The report is produced by the University of Michigan. The strong labor market another is another source of comfort. The unemployment rate has fallen to pre-pandemic levels and jobs are very easy to find. Many people are switching jobs and getting bigger pay raises in the process.
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