Unemployment rate jumps to 9.7 percent

WASHINGTON - The unemployment rate jumped almost half a point to 9.7 percent in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery.

sources; associated presshttp://www.msnbc.msn.com/id/32689068/ns/business-stocks_and_economy/

Consumer confidence rises above forecast in August

NEW YORK (Reuters) - U.S. consumer confidence climbed more than expected in August on an improved outlook on the job market and the overall economy, according to a private report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes rose to 54.1 in August from an upwardly revised 47.4 percent in July. The July figure was originally reported at 46.6.

http://www.reuters.com/article/newsOne/idUSTRE57O3L120090825

Source: www.reuters.com