Tuesday, April 29, 2025

US Consumer Confidence Plunges

U.S. consumer confidence slumped to a nearly five-year low in April as growing concerns over tariffs weighed on the economic outlook.

Posted by lamplighter at 02:01 PM | 28 COMMENTS | permalink

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US consumer confidence hits lowest level since May 2020 as President Trump's tariff policies fuel fears of rising inflation and a recession cnn.it/44yfLGz[image or embed]

" CNN (@cnn.com) April 29, 2025 at 10:19 AM

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More from the article...

... The Present Situation Index, based on consumers' assessment of current business and labor market conditions, fell 0.9 point to 133.5. The Expectations Index, based on consumers' short-term outlook for income, business, and labor market conditions, slid 12.5 points to 54.4 - the lowest level since October 2011 and well below the threshold of 80 that usually signals a recession ahead. ...

#1 | Posted by LampLighter at 2025-04-29 12:32 PM

Related ...

United States Job Openings
tradingeconomics.com

... Job openings in the United States fell by 288,000 to 7.192 million in March 2025, the lowest in six months and well below market expectations of 7.48 million. The drop was broad-based, with the largest decreases reported for transportation, warehousing, and utilities (-59K), accommodation and food services (-42K), construction (-38K), federal governemnt (-36K), real estate and rental and leasing (-39K), and health care and social assistance (-37K).

On the other-------- openings increased in finance and insurance (25K), other services (20K), state and local education (17K), wholesale trade (10K) and manufacturing (4K). Regarding regional distribution, job openings fell in the Northeast (-180K), the South (-69K), and in the West (-76K), but increased in the Midwest (36K).

Meanwhile, hires held at 5.4 million, and total separations changed little at 5.1 million. Within separations, quits were unchanged (3.3 million) and layoffs and discharges edged down (1.6 million).

source: U.S. Bureau of Labor Statistics ...


#2 | Posted by LampLighter at 2025-04-29 12:34 PM

Why wouldn't it? The "leader" of the country is ------- insane.

#3 | Posted by LegallyYourDead at 2025-04-29 01:12 PM

The "leader" of the country is ------- insane.

#3 | POSTED BY LEGALLYYOURDEAD

That's right.

And worse off than most insane people are.

And much more dangerous than most insane people are.

#4 | Posted by Zed at 2025-04-29 01:54 PM

Why wouldn't it? The "leader" of the country is ------- insane.

#3 | Posted by LegallyYourDead

No he's not. He's a very sane russian employee.

#5 | Posted by SpeakSoftly at 2025-04-29 01:55 PM

UPS just laid off 20,000 workers thanks to tariffs leading to lower deliveries for Amazon.

UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh

April 29 (Reuters) - United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and as U.S. President Donald Trump's tariffs roil global trade.

A UPS (UPS.N) spokesman said the layoffs are due to shedding 50% of shipping volume from Amazon.com (AMZN.O), opens new tab, its largest customer, as well as ongoing cost-cutting and efficiency projects under a major operational restructuring.

www.reuters.com

#6 | Posted by AMERICANUNITY at 2025-04-29 01:55 PM

This is a reminiscent of the days after 9/11 when W. told us to take our families to Disney World.

Except Trump doesn't care about helping American families or saving the American economy.

Now watch this drive!

#7 | Posted by snoofy at 2025-04-29 01:59 PM

The seminal book about Stalin was probably The Great Terror by Robert Conquest. As the Soviet masses suffered under the murder machine of Beria's NKVD, so too will the American masses suffer under the Trumpf junta.

So, what title will future historians choose to call their book about Trumpf? The Great Terror II because the Dotard is an economic terrorist destroying America for Putin and the oligarchs?

#8 | Posted by C0RI0LANUS at 2025-04-29 02:08 PM

You handed a lit molotov cocktail to a toddler and let him loose in a paper warehouse.

What did you expect?

He told you he was going to kill the government. You're now upset that he is killing the parts you were benefitting from.

He told you he was going to kill our trade deals. You're now upset that the world won't buy your agri-goods.

He told you he was going to kill our economy. You're now upset that your small businesses has to pay 145% taxes on your imports and your stock portfolios are evaporating.

But you wanted the racism and misogyny.

You were too stupid to understand or EVEN bother to learn how a tariff works.

You put your this nation in the hands of a russian agent that wants to destroy it for his Russian boss.

Congrats!

#9 | Posted by Nixon at 2025-04-29 02:13 PM

The Great Terror II

I will never understand how so many people lined up for the second voyage of the Titanic.

#10 | Posted by Nixon at 2025-04-29 02:14 PM

No MAGA here.

I guess they've been laid off.

#11 | Posted by Zed at 2025-04-29 02:18 PM

One positive thing you can say about Trump is that he exhales carbon dioxide.

#12 | Posted by lee_the_agent at 2025-04-29 02:27 PM

#10: Trumpf won 49.8% of the eligible vote on 5 Nov (77,302,580 to Kamala's 75,017,613 or 48.3%). The Democrats had a superb post-COVID economy going, yet lost 6,265,888 votes between 2020 and 2024. These 6,265,888 voters didn't switch to the GOP-- they stayed home because of the Gaza genocide, just the way anti-war Democrats stayed home in 1968 rather than vote for pro-Saigon Hubert Humphrey, segregationist George Wallace, or Republican Richard Nixon. Now we in 2025 are in the same shhtshow as Democrats were in 1969. but in a far worse economic crisis: cascade.madmimi.com

#13 | Posted by C0RI0LANUS at 2025-04-29 02:34 PM

@ #11

Maybe Putin's checks are bouncing? Or the troll/bots are accidentally falling out of 10 story high windows?

#14 | Posted by a_monson at 2025-04-29 03:00 PM

No he's not. He's a very sane russian employee.

#5 | POSTED BY SPEAKSOFTLY

Bill Maher says he is sane so the insanity defense will not excuse his criminally negligent behavior.

You think our confidence is shaken now?

Wait until the supermarket shelves start going empty like the Russian bread shops after the fall of the Soviet Union.

#15 | Posted by donnerboy at 2025-04-29 03:24 PM

Has anyone else noticed that China has mobilized a national campaign to mitigate the consequences of the trade water and we aren't doing sheet?

#16 | Posted by horstngraben at 2025-04-29 04:26 PM

consumer confidence slumped to a nearly five-year low

A 5 year low?

So back to 2020, when Trump had successfully spent 4 years destroying the economy?

Not to worry, the confidence of ignorant racists is at an all time high.

#17 | Posted by ClownShack at 2025-04-29 04:32 PM

Lies. All Liberal left-wing lies. Disseminated by lying leftwing fake news and stupid braindead Demonrats who believe them.

- Shrimptacodan

#18 | Posted by moder8 at 2025-04-29 04:36 PM

Has anyone else noticed that China has mobilized a national campaign to mitigate the consequences of the trade water and we aren't doing sheet?
#16 | Posted by horstngraben

Actually, Trump has a foolproof plan.
Here it is again:
"ONLY THE WEAK WILL FAIL!"

You remember how the American President would get up there and say things like

"Failure is not an option."

Now, failure is guaranteed.

And isn't that refreshing, after all the Hot Air that's been coming out of Washington for decades?

It's time for all Americans to embrace America's failure, because we're going to Fail Fast And Fail Often!

#19 | Posted by snoofy at 2025-04-29 04:48 PM

Damn those lying Liberal Hippy freaks at Bloomberg. They know nothing about finance and would love to see the US economic system fall apart.

#20 | Posted by TFDNihilist at 2025-04-29 05:51 PM

More tax cuts for oligarchs!:

Carl Quintanilla
@carlquintanilla.bsky.social
WSJ: The 19 richest U.S. households saw a $1 trillion wealth increase in 2024, a rise that exceeds the size of Switzerland's economy.

bsky.app

#21 | Posted by Gal_Tuesday at 2025-04-29 06:11 PM

GALLOP POLL.

confidence in dems on economy down from 80 %

to 39 %

KEEP THOSE CANDIDATES LIKE BERNIE AND AOC COMING.

BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

#22 | Posted by shrimptacodan at 2025-04-29 06:28 PM

" confidence in dems on economy down from 80 % ... "

That never happened. Neither Dems nor Republicans ever had 80% approval.

#23 | Posted by Danforth at 2025-04-29 06:32 PM

"... Job openings in the United States fell by 288,000 to 7.192 million in March 2025"

You do realize that the job openings number is rife with fake job openings that are just used to gather potential employee data and/or justify hiring H1B's, right? I mean, it is all you hear from the Millennials and GenZ.

"Meanwhile, hires held at 5.4 million, and total separations changed little at 5.1 million. Within separations, quits were unchanged (3.3 million) and layoffs and discharges edged down (1.6 million).
#2 | Posted by LampLighter"

I am not surprised that this part of the report understated the data.

What really matters is the decrease in layoffs: "Layoffs fell 222,000 to 1.558 million, continuing to anchor the labor market." www.reuters.com

So, fake job postings fell by 3.9% BUT ACTUAL LAYOFFS fell by 12.5%. That shows growing strength in the US labor market. With the re-shoring of jobs over the next 6 months, American workers are poised to get wages increases and finally start to get back some of their purchasing power that Biden stole through his rampant inflation.

#24 | Posted by ScottS at 2025-04-29 07:26 PM

" With the re-shoring of jobs over the next 6 months"

Riiiiiiiight.

As if you're not going to need a new name by then. But I'll bite:

In what industries do you see the strongest growth?

#25 | Posted by Danforth at 2025-04-29 08:07 PM

"In what industries do you see the strongest growth?
#25 | Posted by Danforth"

It will be broad based but semiconductor and electronics (consumer electronics) will see huge % increases.

Now, how about you link to back up your claim that the .1% got 50% of the Trump tax cuts? Or, are you ready to admit that you lied? You ran away from the last discussion.

#26 | Posted by ScottS at 2025-04-29 08:38 PM

It will be broad based but semiconductor and electronics (consumer electronics) will see huge % increases.

So we're just going to start *poof* manufacturing them in six months?

Do you have any idea how f*&^ing stupid you are?

#27 | Posted by jpw at 2025-04-30 11:13 AM

Except Trump doesn't care about helping American families or saving the American economy.

Now watch this drive!

#7 | Posted by snoofy

Trump's already spent more taxpayer $s in 100 days playing golf than Biden did during his entire 4 year presidency.

And much of the money spent for his weekend jaunts go into his own pocket by charging the Secret Service for rooms & meals.

#28 | Posted by AMERICANUNITY at 2025-05-01 12:53 AM

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