Bloomberg.com: "Consumer Confidence in Economy Jumps"

A Bloomberg.com article last week reported some good news about the economy (finally!)

"U.S. Economy: Consumer Confidence Jumps by Most in Six Years"

Confidence among U.S. consumers jumped in May by the most in six years, fueling speculation the economy will recover later this year.

The Conference Board’s sentiment index surged to 54.9, higher than forecast, according to figures from the New York- based research group today. A report from S&P/Case-Shiller showed home prices continued to plunge.

Stocks climbed for the first time in five days on speculation a lifting of the gloom surrounding the worst recession in half a century may spur consumers, who account for 70 percent of the economy, to spend. Still, rising unemployment and falling real estate values underscore that it will take time to establish a sustained rebound.

Read the full artcle at Bloomberg.com by Shobhana Chandra: http://www.bloomberg.com/apps/news?pid=20601087&sid=a8v1JKA2X9ag&refer=home