US EditionAmericans haven't been this worried about rising unemployment since 2009, survey shows
- On Friday, March 29, 2025, the University of Michigan released a survey showing consumer sentiment tanked 12% this month.
- Respondents attributed their economic anxiety to President Trump's escalating trade war, including reciprocal tariffs he calls 'the big one'.
- Trump recently announced 25% tariffs on car imports taking effect April 3rd and has already doubled duties on China to 20%, contributing to an 18% plummet in the Michigan survey's "expectations" index, which has fallen over 30% since November 2024.
- Americans' expectations for inflation in the year ahead have climbed to 5%, the highest level since November 2022, while expectations for inflation in the next 5 to 10 years also surged, reaching levels not seen since February 1993 when inflation was 4.1%.
- Reflecting increased worry, two-thirds of consumers expect unemployment to rise in the year ahead, a level of concern not seen since 2009, while the Dow Jones has tumbled, and Wall Street is concerned the Fed may have waited too long to cut rates, with the earliest action potentially in September.
31 Articles
31 Articles
Business Insider
JingletreeAmericans haven't been this freaked out about their jobs since the Great Recession
Tyler Le/BIYou know that sensation when something feels off, but you can't quite put your finger on it? That sensation of "I don't feel so good about this," even though the "this" is a little fuzzy. That's the state of work for many people right now. So if you're a little uneasy about the job market, you're not alone.The economy's felt like the other shoe is about to drop for quite some time now. There was the euphoria of the Great Resignation, …
American Fear Of Losing Jobs Soars
One of the most notable aspects of the new University of Michigan consumer sentiment report was the number of people who expect higher unemployment in the next year. The figure was 66% for March, up from 51% in February. In fact, the new level nearly matches the highest level during the worst part of the Great Recession in 2007/2008. One reason the figure is surprising is that, based on BLS calculations, unemployment was 4.1% in February. For mo…
Americans haven't been this concerned about rising unemployment since 2009, a survey finds.
By Bryan Mena, CNN Americans are not only increasingly afraid of higher inflation, with President Donald Trump about to announce a series of tariffs in a few days, but many more now fear an increase in unemployment. Consumer confidence plummeted by 12% this month, according to the University of Michigan in its latest poll published on Friday. It was a slightly more pronounced decline than reported in a preliminary reading earlier this month. Res…
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