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#ConsumerConfidence

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Paycheck processor #ADP release grim data ahead of July 4th showing over 30,000+ jobs lost across private employers in #USA.

While described as " a surprise move in the wrong direction" , I'm personally very #unsurprised, that American #employment is in a tariff tailspin amidst #GOP #GDP games, including the drastic #Drumpf #deportation dramas taking toll.on #economic activity, amidst fiscal fear factors slowing growth, stifling #ConsumerConfidence and regular #retail activity while radically raising costs on everything from food, housing, clothing, travel and energy.

#WelcomeToTheJungle #TrumpBump

qz.com/us-private-payrolls-job

Continued thread

"He’s behaving like a predator, wreaking havoc because he can, motivated mainly by ego and impulse that the thin veneer of weak rationale ought not to obscure. …

The biggest lie Trump and Vance told America in 2024 was that they cared about the well-being of ordinary people."

~ Jonathan Weiler

#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #consumers #ConsumerConfidence
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jonathanweiler.substack.com/p/

Jonathan’s Quality Kvetching Newsletter · Corruption, Cruelty and ChaosBy Jonathan Weiler

Noting that the well-regarded University of Michigan consumer-sentiment index released yesterday shows consumer confidence falling for the fourth straight month, dropping 11% from March, Heather Cox Richardson writes,

"This level of consumer sentiment is the second lowest since the index began in 1952."

#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #consumers #ConsumerConfidence
/1

heathercoxrichardson.substack.

Letters from an American · April 12, 2025By Heather Cox Richardson

#Layoffs abound in US private #industry and publicly traded companies as #DJT admin hacks through vast swaths of #Federal #employee roster in #DC as well .

None of these financial freakout factors bode well for the near term USA #economy...

Companies that have laid off hundreds, if not thousands, of #employees each since inauguration include #SiriusXM , #IAC , #HewlettPackard, #Boeing, #Wayfair, #Starbucks, #BlackRock , #Meta , #Salesforce, #Stripe and many many more as statistics show #ConsumerConfidence is obviously shaken and industries from #fintech to frozen food, #solar to satellites all taking fiscal hard hits in early #HardWay #NegativeGrowth months of new #GOP administration voter #ConJob ...

businessinsider.com/recent-com

cnn.com/2025/03/12/economy/rec

As #Trump’s policies begin to take effect, #ConsumerConfidence has fallen sharply & #inflation expectations rose while Americans fret about surging #prices & the potential impact of #tariffs.

The recent jump is stoking yet more uncertainty about an economic outlook already clouded by Trump’s chaotic approach to #trade, #immigration, #taxation & other #policy areas.

#economy #PersonalFinance #USpol
conference-board.org/topics/co

The Conference BoardUS Consumer ConfidenceA monthly survey of US consumer attitudes, spending plans, and expectations for inflation, stock prices, and interest rates