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As consumer confidence soars, businesses scramble to catch up

from By Katina Smallwood

The U.S. job market is showing signs of warming as small businesses and high-wage jobs are beginning to hire again. In July, the Consumer Confidence Index reached 90.9, the highest level since October 2007, marking the sixth straight month of job gains this year. Along with job gains, consumer spending increased by 0.4 percent in June. The harsh winter, a lagging housing market and inflation all had negative impact on the economy during the first half of the year, but things have heated up along with the weather. more

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