U.S. consumer confidence nears all-time low for 2025

US consumer confidence hit its lowest level since April as Americans worry about tariffs eating into their wallets and the prospect of further job losses in the near future.

The consumer confidence index fell to 88.7 in November, a sharp decline of 6.8 points from 95.5 last month.

“Expectations for labor market conditions through mid-2026 remained decidedly negative, and expectations for household income growth fell sharply after six months of strongly positive performance,” Dana Peterson, chief economist at the Conference Board, said in the report. statement accompanying report.

Peterson noted that respondents were concerned about tariffs, weak job growth and the impact of the 43-day government shutdown that ended earlier this month.

The year's lowest figure was recorded in April, shortly after President Donald Trump imposed double-digit tariffs on every country. At that time, consumer confidence was estimated at 85.5.

Heather Long, chief economist at Navy Federal Credit Union, noted that consumers are feeling as gloomy as they have since the inflationary summer of 2022.

The cost of living has increased everywhere, she said on social networksespecially for food, utilities and healthcare. Notably, the U.S. economy has entered what analysts call a “low-hiring, low-layoff environment.”

The latest available job vacancy data showed that US added 119,000 jobs in September, coupled with a moderate increase in unemployment. The next employment reports won't be released until mid-December.