US Consumer Confidence Rises on Improved Views of Job Market

US consumer confidence unexpectedly rose in March on slightly more upbeat views of current business and labor-market conditions.

The Conference Board’s gauge increased to 91.8, from a revised 91 reading in February, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 87.9. A gauge of present conditions rose, while a measure of expectations for the next six months fell.