A survey carried in May found that for the first time since July of 2021, just over half of Americans believe that the economy is strong.

Those sentiments are supported by a set of newly released figures, representing a major win for President Donald Trump. 

Report: Consumer confidence rises for the first time in five months

As the Daily Caller noted, a report released last week by the Federal Reserve Bank of Atlanta stated that its Consumer Confidence Index went up by 12.3 points in May.

The index rose to 98 from 85.7 in April, marking the first time in five months that consumer confidence has moved in a positive direction.

"Consumer confidence improved in May after five consecutive months of decline," the Daily Caller quoted Conference Board senior economist Stephanie Guichard as saying in a press release.

"The rebound was already visible before the May 12 U.S.-China trade deal but gained momentum afterwards," Guichard explained.

April jobs report beat forecast by experts

"The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index — business conditions, employment prospects, and future income — rose from their April lows," she continued.

"Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects," Guichard stated before adding that their "assessments of the present situation also improved."

The Federal Reserve Bank of Atlanta's consumer confidence report was not the only good piece of good economic news last month, as job statistics showed promise as well.

The Daily Caller noted that a report put out on May 2 by the Bureau of Labor Statistics (BLS) showed that 177,000 nonfarm payroll jobs were added in April, a number which beat expectations.

Inflation has dropped to its lowest level in over four years

"The [BLS] data shows the economy is near the sweet spot for growth," Heritage Foundation economist Parker Sheppard told the Daily Caller.

‘Exactly What We Want To See’: US Job Growth Beat Expectations For Second Month In A Row https://t.co/3uRCglcZ1b via @dailycaller

— Parker Sheppard (@parkersheppard) May 2, 2025

"The trend of steady [job] growth is likely to continue. The breakeven employment growth is around 150,000 jobs per month, and that’s close to the average over the past year," the economist stressed.

Meanwhile, another BLS report showed a drop in 0.2% in the consumer price index (CPI), a signal that inflation has dropped to its lowest level since February of 2021.