Consumer outlook hits lowest since 2011 as tariff fears mount

[yidnar]

Trump is three months into his second term and he is already circling the drain. Consumer confidence has plummeted and so far his term has been nothing but daily chaos. All of this was predictable and the American people were warned about this.

Bureau of Labor Statistics reported that employment postings in March fell to their lowest level since September 2024.

“The three expectation components — business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, the board’s senior economist for global indicator.

Guichard added that the confidence surveys overall were at “levels not seen since the onset of the Covid pandemic.”

Indeed, the level of respondents expecting employment to fall over the next six months hit 32.1%, “nearly as high as in April 2009, in the middle of the Great Recession,” Guichard added. That contraction lasted from December 2007 until June 2009. The level of respondents seeing jobs as “hard to get” rose to 16.6%, up half a percentage point from March, while those seeing jobs as “plentiful” fell to 31.7%, down from 33.6%.

Future income prospects also turned negative for the first time in five years.

The downbeat views extended to the stock market, with 48.5% expecting lower prices in the next 12 months, the worst reading since October 2011. Inflation expectations also surged, at 7% for the next year, the highest since November 2022.

Driving the pessimism was fear over tariffs, which reached an all-time high for the survey. Recession expectations hit a two-year high as well.

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html

MAGA !
https://www.reuters.com/world/india...al-sweetener-us-talks-sources-say-2025-04-29/

 

[Z99]

Trump is three months into his second term and he is already circling the drain. Consumer confidence has plummeted and so far his term has been nothing but daily chaos. All of this was predictable and the American people were warned about this.

Bureau of Labor Statistics reported that employment postings in March fell to their lowest level since September 2024.

“The three expectation components — business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, the board’s senior economist for global indicator.

Guichard added that the confidence surveys overall were at “levels not seen since the onset of the Covid pandemic.”

Indeed, the level of respondents expecting employment to fall over the next six months hit 32.1%, “nearly as high as in April 2009, in the middle of the Great Recession,” Guichard added. That contraction lasted from December 2007 until June 2009. The level of respondents seeing jobs as “hard to get” rose to 16.6%, up half a percentage point from March, while those seeing jobs as “plentiful” fell to 31.7%, down from 33.6%.

Future income prospects also turned negative for the first time in five years.

The downbeat views extended to the stock market, with 48.5% expecting lower prices in the next 12 months, the worst reading since October 2011. Inflation expectations also surged, at 7% for the next year, the highest since November 2022.

Driving the pessimism was fear over tariffs, which reached an all-time high for the survey. Recession expectations hit a two-year high as well.

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html

 

[Zincwarrior]

Trump is three months into his second term and he is already circling the drain. Consumer confidence has plummeted and so far his term has been nothing but daily chaos. All of this was predictable and the American people were warned about this.

Bureau of Labor Statistics reported that employment postings in March fell to their lowest level since September 2024.

“The three expectation components — business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, the board’s senior economist for global indicator.

Guichard added that the confidence surveys overall were at “levels not seen since the onset of the Covid pandemic.”

Indeed, the level of respondents expecting employment to fall over the next six months hit 32.1%, “nearly as high as in April 2009, in the middle of the Great Recession,” Guichard added. That contraction lasted from December 2007 until June 2009. The level of respondents seeing jobs as “hard to get” rose to 16.6%, up half a percentage point from March, while those seeing jobs as “plentiful” fell to 31.7%, down from 33.6%.

Future income prospects also turned negative for the first time in five years.

The downbeat views extended to the stock market, with 48.5% expecting lower prices in the next 12 months, the worst reading since October 2011. Inflation expectations also surged, at 7% for the next year, the highest since November 2022.

Driving the pessimism was fear over tariffs, which reached an all-time high for the survey. Recession expectations hit a two-year high as well.

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html

MAGA IS KILLING US ALL.

 

[whitehall]

Hussein Obama was president in 2011. Under his leadership (or lack of it) in his first 100 days Fannie Mae collapsed bringing down the world's economy. The media was careful at the time not to appear judgmental so Hussein got away clean and so did his idiotic banking chairperson Barney Frank.

 

[Zincwarrior]

Hussein Obama was president in 2011. Under his leadership (or lack of it) Fannie Mae collapsed bringing down the world's economy. The media was careful at the time not to appear judgmental so Hussein got away clean and so did his idiotic banking chairperson Barney Frank.

Trump is about to be the only President with two depressions.

 

[jc456]

Trump is three months into his second term and he is already circling the drain. Consumer confidence has plummeted and so far his term has been nothing but daily chaos. All of this was predictable and the American people were warned about this.

Bureau of Labor Statistics reported that employment postings in March fell to their lowest level since September 2024.

“The three expectation components — business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, the board’s senior economist for global indicator.

Guichard added that the confidence surveys overall were at “levels not seen since the onset of the Covid pandemic.”

Indeed, the level of respondents expecting employment to fall over the next six months hit 32.1%, “nearly as high as in April 2009, in the middle of the Great Recession,” Guichard added. That contraction lasted from December 2007 until June 2009. The level of respondents seeing jobs as “hard to get” rose to 16.6%, up half a percentage point from March, while those seeing jobs as “plentiful” fell to 31.7%, down from 33.6%.

Future income prospects also turned negative for the first time in five years.

The downbeat views extended to the stock market, with 48.5% expecting lower prices in the next 12 months, the worst reading since October 2011. Inflation expectations also surged, at 7% for the next year, the highest since November 2022.

Driving the pessimism was fear over tariffs, which reached an all-time high for the survey. Recession expectations hit a two-year high as well.

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html

CNN did a poll and trump still wins 45 to 43%. I don’t believe in polls, but I did have to laugh with 98% negative press in msm

 

[jc456]

Trump is about to be the only President with two depressions.

100 days, hilarious

 

[jc456]

Trump is about to be the only President with two depressions.

Where’s the first?

 

[Zincwarrior]

100 days, hilarious

Indeed. Its a major achievement.

 

[Zincwarrior]

Where’s the first?

Trump

 

[jc456]

Trump

He looks far from depressed

 

[Captain Caveman]

Trump is three months into his second term and he is already circling the drain. Consumer confidence has plummeted and so far his term has been nothing but daily chaos. All of this was predictable and the American people were warned about this.

Bureau of Labor Statistics reported that employment postings in March fell to their lowest level since September 2024.

“The three expectation components — business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, the board’s senior economist for global indicator.

Guichard added that the confidence surveys overall were at “levels not seen since the onset of the Covid pandemic.”

Indeed, the level of respondents expecting employment to fall over the next six months hit 32.1%, “nearly as high as in April 2009, in the middle of the Great Recession,” Guichard added. That contraction lasted from December 2007 until June 2009. The level of respondents seeing jobs as “hard to get” rose to 16.6%, up half a percentage point from March, while those seeing jobs as “plentiful” fell to 31.7%, down from 33.6%.

Future income prospects also turned negative for the first time in five years.

The downbeat views extended to the stock market, with 48.5% expecting lower prices in the next 12 months, the worst reading since October 2011. Inflation expectations also surged, at 7% for the next year, the highest since November 2022.

Driving the pessimism was fear over tariffs, which reached an all-time high for the survey. Recession expectations hit a two-year high as well.

http://[URL]https://www.cnbc.com/20...ears-mount-conference-board-survey-shows.html

[/URL]

The Left wasn't bothered with low Consumer Confidence under Biden, so no one will be bothered under Trump, right?

Why is Consumer Confidence suddenly important, ah yes, it's Trump!!!!!

Post in thread 'Americans Don't Think The Economy Is Going So Great'

Dec 8, 2023

Despite a record number of Americans feeling bad about their personal economies the left continue trying to beat into them that things are going just great. Don't listen to conspiracy theories from Fox News and the right. Facts and figures will show you how great things are.


Despite signs inflation might be improving, a majority of Americans this fall felt the economy was making food insecurity worse for millions of low-income people in the U.S.

Last year, the number of Americans who said they didn't have enough to eat went up, as pandemic-era food...

• Captain Caveman

• 

 

[ChemEngineer]

Oopsie! Leftie Bro was celebrating prematurely. Read my CNBC headline and weep.

 

[jc456]

Oopsie! Leftie Bro was celebrating prematurely. Read my CNBC headline and weep.

 

[tyroneweaver]

Trump is three months into his second term and he is already circling the drain. Consumer confidence has plummeted and so far his term has been nothing but daily chaos. All of this was predictable and the American people were warned about this.

Bureau of Labor Statistics reported that employment postings in March fell to their lowest level since September 2024.

“The three expectation components — business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, the board’s senior economist for global indicator.

Guichard added that the confidence surveys overall were at “levels not seen since the onset of the Covid pandemic.”

Indeed, the level of respondents expecting employment to fall over the next six months hit 32.1%, “nearly as high as in April 2009, in the middle of the Great Recession,” Guichard added. That contraction lasted from December 2007 until June 2009. The level of respondents seeing jobs as “hard to get” rose to 16.6%, up half a percentage point from March, while those seeing jobs as “plentiful” fell to 31.7%, down from 33.6%.

Future income prospects also turned negative for the first time in five years.

The downbeat views extended to the stock market, with 48.5% expecting lower prices in the next 12 months, the worst reading since October 2011. Inflation expectations also surged, at 7% for the next year, the highest since November 2022.

Driving the pessimism was fear over tariffs, which reached an all-time high for the survey. Recession expectations hit a two-year high as well.

https://www.cnbc.com/2025/04/29/consumer-outlook-hits-lowest-since-2011-as-tariff-fears-mount-conference-board-survey-shows.html

roflmbo