Consumer confidence takes a nosedive as inflation and job concerns worry

shoppers Consumers are growing increasingly fretful about the state of the economy and worried about the prospect of higher prices as awareness about tariff pain grows. Consumer confidence fell 11% in April, according to the University of Michigan's consumer sentiment index. It was the fourth straight month the index has fallen, a period in which consumer sentiment has fallen 30%. What's more, consumers are increasingly worried about the state of their jobs and the prospects of inflation. Two-thirds of consumers expect unemployment to rise in the year ahead, the fifth straight month that expectation has increased.