American consumers feel better in November, buoyed by jobs market optimism

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Americans were feeling better about the economy this month, the newest Consumer Confidence Index from The Conference Board showed.

The index reading increased in November to 111.7 from 109.6 in October and 99.2 in September.And the reading is at the top of the range that has prevailed over the past two years.

Labor market optimism drove the improvement this month in the Consumer Confidence Index, Guichard said. People were feeling really good about the stock market. A record-high 56.4% of consumers expected stock prices to increase over the year ahead.Write-in responses showed the election was second only to inflation among economy-related issues on the minds of consumers.

All they can say is that mentions of the election were up, as was consumer confidence. But Guichard said they have no way to tell if the election results directly contributed to the rise in consumer confidence.

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