Americans Are the Most Worried About Losing Their Jobs Since 2009

And consumer confidence has taken an unexpected dip

U.S. Consumer Confidence Tumbles to 88.6 in May

The U.S. is supposed to be six years away from the worst of the financial crisis and ensuing recession, but Americans don't seem to be feeling at all sure that the economy is recovering.

Results of the University of Michigan's Consumer Confidence survey came out on Friday and showed an unexpected drop of 7.3 points to 88.6. Analysts had forecast that the index would stay roughly the same, at 95.9.

What's more, people appear to be more worried about losing their jobs. Respondents to the survey reported the highest probability of losing their jobs since 2009.

 

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