“Consumers’ assessment of current business conditions was slightly less positive than last month. However, the strong labor market continued to bolster consumers’ overall assessment of the present situation.”

Dana Peterson, chief economist at The Conference Board, commented on findings from the latest Conference Board’s Consumer Confidence Index for this month that climbed to a reading of 102 in May, up from 97.5 in April. The findings showed that Americans’ attitudes toward the economy improved for the first time since January. Read the CNN story, “Americans Are Feeling Better About the Economy for the First Time in Four Months.”