Americans’ confidence in US economy falls as Iran conflict sends gas prices higher
Americans’ confidence in the economy fell to 90.8 in July amid escalating Iran conflict and rising gas prices, which climbed to $4.10 per gallon from earlier lows.
Americans’ confidence in the economy fell to 90.8 in July amid escalating Iran conflict and rising gas prices, which climbed to $4.10 per gallon from earlier lows.
The U.S. economy expanded at a sluggish 1.5% pace in the second quarter while mortgage rates hit their highest level in a year, reaching 6.66% for 30-year fixed-rate loans.
The US labor market added 151,000 jobs in February with unemployment at 4.1%, though federal job losses and tariff uncertainty cloud the economic outlook.
US employers added 64,000 jobs in November while shedding 105,000 in October, beating forecasts, though unemployment climbed to 4.6%, a four-year high.
US employers added 50,000 jobs in December, marking the weakest year of job growth since the pandemic with 584,000 positions added throughout 2025.
US employers added 178,000 jobs in March, surpassing expectations, while unemployment fell to 4.3%, though February losses were revised downward to 133,000.