Economic Anxiety: Americans Worry About Prices and Jobs

People in the U.S. are feeling less sure about the economy, marking the lowest confidence level since April when new taxes on imports were introduced. The measure of how people feel about their money and jobs has remained stagnant but is still low, potentially signaling an impending recession.

Public Perception of the Economy

People believe the economy is worse now than before. Concerns about rising prices and new taxes are prevalent. Additionally, there is a growing sentiment that finding jobs has become more difficult. The number of people who think jobs are easy to find has decreased, while more individuals believe jobs are hard to get.

Job Market and Unemployment

• The country added some jobs last month but lost more the month before.
• The unemployment rate has risen to 4.6%, the highest since 2021.
• Businesses are hesitant to hire due to new taxes and high interest rates.
• The head of the Federal Reserve suggests that the numbers might be even worse.

Future Outlook

Despite the current worries, fewer people think a recession will happen soon. While individuals feel worse about their money now, they are more hopeful about the future.