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Job Growth Fuels Confidence Despite Soaring Energy Costs
Consumer confidence rose in August as job growth offset higher energy prices, but economists warn the surge in energy costs from Katrina could dampen spending and slow the economy. The Conference Board index reached 105.6, while factory orders in July fell sharply. The Dow slipped as investors weighed energy shocks.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Gulf Coast
Conference Board
Joel Naroff
Naroff Economic Advisors
Naroff
Nariman Behravesh
Global Insight
Lexington
Mass
Katrina