Fears about joblessness have surged since President Trump unveiled plans to impose steep tariffs on foreign goods.

The economy might have hit a soft patch, but it has so far dodged the bleak predictions from a few months ago.
Consumers are still bracing for the worst to come.

As of early August, that pessimism was in step with that of the 2008 financial crisis.

About 62% of consumers believe unemployment will worsen in the year ahead, according to the University of Michigan's latest monthly survey.

That's bounced around a little in the last few months, but consistently hung around levels not seen since the Great Recession.

What they're saying: The concerns about higher unemployment are paired with worries about an inflation resurgence.

#theGreatRecession #Michigan

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