It's not just Treasurer Scott Morrison enthusing about recent employment figures, consumer confidence has gained a modest lift as well.
Mr Morrison told a conference in Canberra on Tuesday annual jobs growth is now running at more than three per cent which was 15 times greater than when the coalition was elected to in 2013.
As he was speaking to the Committee for Economic Development of Australia, the latest weekly consumer confidence index posted a modest rise.
The ANZ-Roy Morgan confidence index lifted 0.8 per cent, taking it back above its long-term average.
"Another strong employment report seems to have lifted the mood for consumers this week," said ANZ's head of Australian economics David Plank.
However, he believes there needs to be a continued improvement in the labour market and an eventual acceleration in wage growth before confidence begins to trend higher.
Commonwealth Securities chief economist Craig James is not certain consumers are either super-optimistic or super-pessimistic.
"More watchful really," he said.
Consumer confidence, a pointer to future retail spending, has been constrained in recent months by weak wages growth, high household debt and rising energy prices.
Australians were less positive about the Turnbull government's new energy plan released last week.
The government claims the national energy guarantee claims will provide a reliable source of electricity while cutting household bills by as much as $115 a year.
The latest Essential Research poll found just 16 per cent expect the plan to reduce prices.
While 35 per cent of respondents approved of the plan overall, almost half didn't offer an opinion at all.
The consumer price index for the September quarter, due on Wednesday, will be a reminder of the rising electricity prices households have endured, especially in recent months.
Economists expect a quarterly increase of around 0.8 per cent, the biggest jump in four years and largely as a result of a spike in energy costs.
