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Wednesday, 12/24/2014 1:49:55 PM

Wednesday, December 24, 2014 1:49:55 PM

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The Bloomberg Consumer Comfort Index increased to 43.1 in the period ended Dec. 21, its highest level since October 2007, two months before the worst economic slump in the post-World War II era began, according to a report today. The same week, the fewest people since early November lined up at state employment agencies to apply for jobless benefits, other figures showed.

The confidence index blew past its long-term average as a strengthening job market, hints of impending wage gains and the cheapest gasoline in five years help Americans shake off any lingering recessionary blues. The gauge’s eight-point jump over the past three months has been led by improving attitudes toward the economy and buying climate, signaling a retail sales surge will probably extend beyond the holidays.