Independence Day
Author: Samantha Guzman in Daily Dose, Data, Featured March 9, 2015
Consumers were more optimistic toward the economy than they’ve been at any point in the last five years, according to Fannie Mae’s February 2015 National Housing Survey released Monday.
The percentage of respondents who said they believe the economy is on the right track increased by 3 percentage points since January’s survey up to 47 percent, an all-time high since the survey began nearly five years ago. The rise in consumer optimism is largely attributed to recent employment gains, which totaled nearly 300,000 for February and averaged 266,000 per month in the last 12 months, according to themost recent report from the Bureau of Labor Statistics. In that same BLS report, the nation’s unemployment rate dropped to 5.5 percent, its lowest level in nearly seven years.
