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Debate: If jobs numbers are up, why is consumer sentiment so low?

Posted

May 9, 2026

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The US economy added a stronger-than-expected 115,000 jobs last month and the unemployment rate stayed at 4.3%, an indication of resilience at a time when war and high gas prices loom large.

Meanwhile, consumer sentiment continued to decline this month, reaching a fresh record low as the war in Iran drags on, keeping energy prices elevated.

What explains these divergent trends? A CNN NewsNight panel debates.

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Debate: If jobs numbers are up, why is consumer sentiment so low? · CNN · Sentinel