Key Takeaways Consumer confidence improved again in November, nearing its highest in two years.More people said they felt better about the current economic environment in The Conference Board monthly survey.

U.S. consumer confidence improved further in November amid growing optimism over the labor market and a stock market rally. The Conference Board said on Tuesday its consumer confidence index increased to 111.

"Consumer confidence continued to improve in November and reached the top of the range that has prevailed over the past two years," said Dana M. Peterson, chief economist at The Conference Board. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market."