May 28th, 2025
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In May, people in the US felt more confident about the economy, according to the Conference Board. This happened after five months of declining confidence. The confidence index went up by 12.3 points to 98, from 85.7 in April, which was the lowest point since the pandemic started. This improvement seems to be because worries about the economic effects of President Trump's tariffs have become less severe. However, what people expect for their income, business, and job market in the near future is still below 80, which might mean a recession is coming. The Labor Department reported that 177,000 jobs were added in April, which helped improve confidence. But, concerns about tariffs and rising prices were still strong in the survey. Despite these concerns, people still planned to spend more on homes, cars, and holidays.
May 28th, 2025
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