Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all demographic and political groups.
"Overall, consumers perceive a tremendous amount of uncertainty in the economy — policy uncertainty, market uncertainty, general economic uncertainty, among others," said Hsu. "The fact that expectations worsened across the board suggests that consumers perceive more downside than upside risk for the foreseeable future; these views will likely dampen consumers' willingness to spend or make investments."
The increasing unemployment fears are paired with a third straight month of falling consumer confidence. The survey's forward-looking expectations index plummeted 18% and has dropped more than 30% since November 2024.
Worries about Trump's constantly changing tariff threats continue to weigh heavily on Americans.
more:
http://dailyvoice.com/new-york/somers/unemployment-fears-hit-16-year-high-as-trumps-tariffs-shake-consumer-confidence-survey/?
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