Consumers feel good about jobs

first_img The increases are “beginning to have an impact” on the economy, taking away the speculative edge out of the housing market, said Mark Vitner, senior economist with Wachovia Corp. But he said there should be only one more increase this year. “It would be a good time to stop. We want growth to moderate, but we don’t want it to go into reverse,” he said. The Conference Board index is derived from responses received through Jan. 24 to a survey mailed to 5,000 households in a consumer research panel. The figures released Tuesday include responses from at least 2,500 households. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card The component of the consumer confidence index that assesses consumers’ views of current economic conditions rose to 128.4 from 120.7. Specifically, the report showed that more consumers in January than in December believed that jobs are available. But another component that measures consumers’ outlook over the next six months slipped to 91.5 from 92.6 in December. Investors overlooked the consumer confidence report; stocks fell after the Federal Reserve, raising interest rates by a quarter percentage point for the 14th time in nearly two years, failed to give a clear sign on when those rate hikes might end. The Dow Jones industrials fell 35.06, or 0.32 percent, to 10,864.86. Economists closely track consumer confidence because consumer spending accounts for two-thirds of all U.S. economic activity. And the latest reading comes at an uncertain time for the U.S. economy. While gasoline prices have come down from their highest point after the hurricanes, they are still higher than a year ago. The job market recovery remains uneven, and at least one more interest rate hike could be in the offing. “It looks like consumers are feeling at least better about the current situation. But I still think there is a lot of uncertainty about the future,” said Gary Thayer, chief economist for A.G. Edwards & Sons Inc. in St. Louis. “The geopolitical news is not very comforting,” he added, referring to tensions in the Middle East. Still, Thayer said the Fed will look at January’s confidence figures as yet another sign that the economy has bounced back from hurricanes Katrina, Rita and Wilma. Thayer and other economists expect the Fed to raise interest rates again in March in an effort to combat inflation, but they expect the next increase to be the last in the year. NEW YORK – Americans grew more optimistic about the job market in January, sending a widely followed measure of consumer confidence to its highest level in three and a half years. The report Tuesday from the Conference Board showed, however, that consumers are still uneasy about the future. The private research group said its consumer confidence index rose to 106.3, the highest level since June 2002, when the reading was also 106.3. The latest measure was up from a revised 103.8 in December, and continued a rebound that began in November following the Gulf Coast hurricanes. Analysts had expected a reading of 105.0 in January. A separate report from the Labor Department on employee compensation said wages and benefits paid to civilian workers rose 3.1 percent last year, the smallest amount in nine years. The department said the slowdown reflected a big drop in benefit costs – items such as health insurance and pensions – which rose by 4.5 percent last year after jumping by 6.9 percent in 2004. In a statement, Lynn Franco, director of The Conference Board Consumer Research Center, said the increase in consumer confidence “was driven solely by consumers’ assessment of current economic conditions, especially their more positive view of the job market.” But she added that while consumers rate current conditions more favorably, the improvement has not translated into greater optimism about the outlook for the economy six months from now. last_img read more

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Both teams missing key players, it’s well-matched encounter: Shreyas Iyer

first_imgThe absence of key players in both the sides has turned the IPL Eliminator into a ‘well-matched encounter’ says Delhi Capitals skipper Shreyas Iyer as he gears up to take on Sunrisers Hyderabad in Visakhapatnam on Wednesday.SRH are missing prolific Australian batsman David Warner while Capitals are without key South African paceman Kagiso Rabada.Both the teams are locked 1-1 this season, winning their away games against each other.”We have to take the confidence from our win against them in Hyderabad. They also beat us in Delhi, so both the teams are fairly confident, and it is going to be a tough match. However, they are also missing some of their players, and we are without Kagiso now, so it is going to be a difficult task as well, but a well-matched encounter,” said Iyer ahead of the match.”They have a very good past in such situations but we are also looking forward to creating history,” Iyer said with confidence.Capitals finished with 18 points from their 14 IPL matches but finished third due to poor net run rate compared to Mumbai Indians and Chennai Super Kings. Sunrisers, however, were lucky to qualify despite losing eight games in the tournament.Eliminator: #DCvSRHDate: Wednesday, May 8Venue: VizagDilli, it’s time to #RoarMacha in the #VIVOIPLPlayoffs!#ThisIsNewDelhi #DelhiCapitals pic.twitter.com/g6sgaSNe6JDelhi Capitals (@DelhiCapitals) May 5, 2019Iyer though did not complain when asked if it is unfair.”I think we should not think about that, it is how the tournament is. IPL is a funny tournament. Any team can beat anyone and we have seen that in the past editions where the team finishing on top of the table has struggled to life the trophy eventually.advertisement”But even before the start of the tournament, we wouldn’t have thought that a team finishing with only 12 points will make it to the playoffs, but here we are. So instead you have to take all the factors in your stride, and play your best cricket on the day to come out on top,” said the 24-year-old.Iyer said sticking to basics has been key to their good form this season and he would want his team to continue doing that.”We don’t have to change much, we have to play the way we have been playing. We need to do the small things right, keep everything simple and stick to our basics, because that is what has helped us in coming this far.”I believe the more you complicate things, the more difficult it is going to get for you, so that is what I tell myself and the team, to keep things simple, and believe that everything will fall into place,” said the Capitals’ skipper who has scored 442 runs this season.Also Read | Umpire Nigel Llong under BCCI scanner after ‘door kick’ controversylast_img read more

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If you are going through pain and dont laugh you die so

first_imgKolkata: Versatile actor-cum-screenwriter Saurabh Shukla, best known for playing Justice Sunderlal Tripathi in the “Jonny LLB” movies, says the current political situation is funny and one just needs to laugh in times of hardships. Shukla feels even in a politically-charged situation comedy has a role to play and he suggests that people laugh. “Nothing is more funny than the political situation at this moment,” the actor, who immortalised Kallu mama in “Satya” and Tapasvi Maharaj in “PK”, told IANS during a visit to the city. Also Read – Bose & Gandhi: More similar than apart, says Sugata Bose Explaining how comedy can help in sending political messages, the National-Award winning actor said “anything said with a tinge of humour is received well” and there is humour in everything. Asked about the controversy surrounding Naseeruddin Shah’s comment that he feared for his children in today’s India, Shukla remarked: “Isn’t it humorous? It is highly humorous.” In an interview in December, 2018, Shah had raised concerns about the safety of his children, making an indirect reference to the Bulandshahr violence earlier that month that left two people, including a police inspector, dead. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata Shukla remains optimistically unperturbed. He mentions Osho’s book “Take it Really Seriously: Revolutionary Insight into Jokes”, a collection of 5,000 jokes from around the world. “In its preface, the author said the maximum number of jokes were created by the Jews as they went through so much that they needed to laugh. So, if you are going through pain and you don’t laugh you die. So laugh,” the master of comedy suggested. Shukla’s recent stage production “Barff”, published as a book, is about three characters in Kashmir. “Because it is about Kashmir, everyone expects that it will talk about the politics there. But it doesn’t. Subtly it is there because you are never free from the politics of the land. But it does not talk right in your face,” he said. His mother, Jogmaya Shukla, was one of India’s first woman tabla players and his father was a vocalist. “I was very attracted towards music. I also sing, but not professionally. Even my little knowledge of music helped me a lot in my other art. When I joined the theatre it became my strength. So I tell people, to become a complete artist you should have a sense of everything — be it music, painting or sculpture,” he said. According to Shukla, “Screenplay, acting and everything else go hand-in-hand.” “If I have any advice for the actors, I tell them to write,” the award-winning screenwriter said. Shukla who started with theatre and is known for films like “Bandit Queen”, “Slumdog Millionaire’ and “Barfi”, explained that by writing he doesn’t mean writing like a professional. Actors need to imagine and writing is the best way to express it. His upcoming films are “Family of Thakurganj”, Anees Bazmi’s “Pagalpanti” and “Shamshera”. “Shamshera is an epic, so the character will be epical but there will be a tinge of humour in it,” he added.last_img read more

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