abc
QUICK LINKS:

Index of US Consumer Sentiment Dips as Stocks Drop

Created: 01/31/2014 11:31 AM WDIO.com

WASHINGTON (AP) - A measure of U.S. consumer sentiment slipped this month as stock markets fell, though confidence remained at a healthy level.

The University of Michigan said its index of consumer sentiment dropped 1.3 points to 81.2. That was up from a preliminary reading of 80.4 two weeks ago. It also marked a solid gain from a year ago, when the index was at 73.8.

Economists said the expiration of extended federal unemployment benefits for the long-term jobless may also have lowered confidence. Those extended benefits ran out for about 1.4 million people last month.

Still, consumers' assessment of their financial health reached its highest level in six months. And the number of consumers who said their incomes had recently increased has reached a six-year high, an encouraging sign for future growth.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

AP File Photo/J. Scott Applewhite, file

Front Page

  • Monument to Honor Former POWs and David Wheat

    There's an effort underway to build a monument to honor all POWs from the Northland, including Commander David Wheat, of Duluth.

  • Fighting for Amelia

    The Hibbing community will rally around the Weaver family to help raise money for their seven-year-old daughter Amelia.  She suffers from a rare and catastrophic form of epilepsy.  You too can help by donating online.

  • Chisholm Gas Station Robbed

    Chisholm Police are looking for the person who robbed a gas station early Thursday morning.  It happened at the Freedom Value Station at the corner of 1st Avenue and Lake Street at about 4:55 a.m.

  • City of Duluth Seeks Input from Community

    It's Community Development Day in Duluth, and city leaders are turning to the community to help determine how federal funding should be distributed. It's the 40th anniversary of community investments made through the federal Community Development Block Grant program.

  • TIF Plan Will Help Developers Build New Waterfront Hotel

    A new hotel near Bayfront Park is one step closer to becoming a reality. The Duluth Economic Development Authority unanimously approved a Tax Increment Financing plan for the Pier B project.

 

Winter Weather Advisory

MN AREAS AFFECTED: Central St. Louis; Koochiching; North St. Louis; Southern Lake, North Shore
Expires: 4/25/2014 7:00 AM

Winter Storm Warning

MN AREAS AFFECTED: Northern Cook, Northern Lake; Southern Cook, North Shore
Expires: 4/25/2014 12:00 PM

Flood Warning

MN AREAS AFFECTED: Aitkin; Crow Wing
Expires: 3/31/2014 7:00 PM

Advertisement
Advertisement
Advertisement
Advertisement