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 was after five months of decreasing confidence. The confidence index went up by 12.3 points to 98, which is higher than April's 85.7, the lowest point since the pandemic began. This improvement seems to be because people are less worried about how President Trump's tariffs will affect the economy. However, people's short-term expectations for their income, business, and job market are still below 80, which could mean a recession is coming soon. The Labor Department reported that 177,000 jobs were added in April, which helped to make people more confident. But, worries about tariffs and rising prices were still the main concerns in the survey. Despite these worries, people planned to spend more on homes, cars, and vacations.
May 28th, 2025
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