May 28th, 2025
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In May, people in the US felt more positive about the economy, according to the Conference Board. This happened after five months of declining confidence. The confidence index increased by 12.3 points to 98, which is higher than April's 85.7. April was the lowest point since the pandemic began. This improvement seems to be mainly because worries about President Trump's tariffs affecting the economy have slightly decreased. However, people's short-term expectations for their income, business, and jobs stayed below 80, which could mean a recession is near. The Labor Department reported that 177,000 jobs were created in April, which helped improve confidence. But, concerns about tariffs and rising prices were still the main worries in the survey. Despite these worries, people said they planned to spend more on homes, cars, and vacations.
May 28th, 2025
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