An improving job market drove U.S. consumer confidence higher this month after a dip in February.
The Conference Board's consumer confidence index rose to 101.3 in March from revised 98.8 reading in February.
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The business group takes into account expectations for the future and consumers' assessment of current conditions. Consumers were more optimistic about the future, but a little less impressed with current economic conditions.
Over the past year, employers have added nearly 3.3 million jobs, the fastest 12-month pace of hiring since 1998. Consumers are certainly acting more confident: Their spending rose at a 4.4 percent annual rate from October through December, the fastest pace in eight years.