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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (654529)	5/11/2012 1:02:42 PM
From: tejek	Respond to of 1583623

Consumer sentiment in May at post-recession high MarketWatch WASHINGTON (MarketWatch) — Consumer sentiment edged higher in May to the best reading since the recession, as declining gasoline prices appear to have offset slowing job-markets growth. The preliminary reading of the University of Michigan-Thomson Reuters index rose to 77.8 from 76.4 in April. That’s the best reading since January 2008 — just one month after the recession started. The current economic conditions index jumped to 87.3, the best reading since January 2008, from 82.9 in April. The index of consumer expectations actually fell, falling to 71.7 from 72.3 in April. That picture could be explained by the combination of falling gasoline prices, which impact the current situation, and April’s report of slowing jobs growth, which could be weighing on expectations. “That is good news, and is thematically consistent with the view that the softening in recent labor data has more to do with seasonal pay back than a shift lower in underlying job demand,” said Eric Green of TD Securities. U.S. stocks /quotes/zigman/3870025 SPX +0.21% , impacted by a surprise J.P. Morgan trading loss, were weaker but moved off their lowest levels following the University of Michigan report. Earlier, the Labor Department said producer prices dropped 0.2% in April due to falling gasoline prices. See story on PPI.