NEW YORK (AP) — A monthly survey shows Americans' confidence in the economy rose only slightly in October from September.
Worries about the job market are still crimping shoppers' outlook heading into the key holiday shopping season.
The Conference Board, a private research group, says Tuesday that its Consumer Confidence index rose to 50.2 from a revised 48.6 in September. Economists surveyed by Thomson Reuters were expecting 49.2.
It takes a reading of 90 to indicate a healthy economy. That level hasn't been approached since the recession began in December 2007.
Economists watch confidence closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong rebound.
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