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News & Current Events Apr 1, 2026 at 4:27 PM

US consumer confidence rises, but job openings and hiring drop sharply

Posted by thejoshwhite

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Historical_Bend_2629 Apr 1, 2026 +1
Why is consumer confidence rising? The irrational stock market? Spring? Elderly MAGA that don’t give a shit about the grandkids going on a cruise?
1
thejoshwhite Apr 1, 2026 +1
Not sure. Everything is disconnected
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princessalhazred Apr 1, 2026 +1
Came here to say this. Like, what gives you confidence? The crazy man in office? The rising oil prices? Just trust me, bro?
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TheThebanProphet Apr 1, 2026 +1
the only section of the consumer economy that is confident is among those of the bourgeoisie - of wealth and status. They are the only ones able to afford the price of goods in today's America. Gas in NY is up a full f****** dollar and Donald Trump did that. No one else. I can imagine it is worse elsewhere in the country.
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Infamous_Employer_85 Apr 1, 2026 +1
It's a surprise to me, diesel is hitting over $5 per gallon, gasoline is over $4 per gallon, electricity prices have climbed by 20% since Trump took office, inflation is running at 4% in the latest report. But I guess eggs are now under $6.00 per dozen so it's all good?
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Zepcleanerfan Apr 1, 2026 +1
The University of Michigan survey was absolutely terrible.
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KafeenHedake Apr 1, 2026 +1
Dead cat bounce?
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meltdown_popcorn Apr 1, 2026 +1
I really want to hear directly from these confident consumers and investors. I don't believe they exist.
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Much-Instruction-807 Apr 1, 2026 +1
Rich people are getting richer and spending more.
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sugarlessdeathbear Apr 1, 2026 +1
>While the correlation between consumer confidence and spending is weak, rising ⁠gasoline prices and ​falling share values, combined with a softening labor market, could undercut consumption and curb economic growth. Higher-income households have led consumer spending, underpinned by robust ​wealth levels. I get Roaring 20s vibe from this.
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Personal_Chair6134 Apr 1, 2026 +1
Is it time for a working class revolution against the rich yet?
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princessalhazred Apr 1, 2026 +1
It has been for over a century. I'm ready to do my part.
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SeductiveSunday Apr 1, 2026 +1
Um, but Republican working class keep voting to lower (eliminate?) the taxes of billionaires. How can that logic fail? /s
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Silent-Storms Apr 1, 2026 +1
If the working class can't be bothered to fill out a scantron one every other year, they definitely aren't revolting.
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milwaukee_citizen Apr 1, 2026 +1
Right. Whotf has confidence as a consumer right now?!?
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rotaryman Apr 1, 2026 +1
Actually I am extremely confident with all of my purchases right now. Confident that anything I buy today will likely cost much more tomorrow so F it, if I need it, get it now while the getting is less sucky.
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