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Gallup: Economic Confidence, Satisfaction Improve in November

Gallup: Economic Confidence, Satisfaction Improve in November
(Dreamstime)

By    |   Tuesday, 26 November 2019 01:58 PM

Americans are more confident in the economy now than in recent months, and their satisfaction levels have been restored after dipping in October.

Americans' evaluations of the U.S. economy improved in November, with Gallup's Economic Confidence Index registering +29, the best reading since July. These results are based on a Nov. 1-14 Gallup poll. A better-than-expected jobs report this month may have eased concerns about a possible recession and helped spur growth in stock values.

Currently, 55% of Americans rate economic conditions as either "excellent" or "good," while only 9% say they are "poor." Not since immediately after the Sept. 11, 2001, terrorist attacks have "poor" ratings of the economy been in single digits.

Also, 52% of U.S. adults believe the economy is getting better, while 41% say it is getting worse. In September and October, amid predictions of a looming recession, Americans were evenly divided as to the economy's direction.

Gallup's Economic Confidence Index summarizes Americans' ratings of current economic conditions and perceptions of whether the economy is getting better or worse. It has increased by 12 points since September, when roughly half thought a recession was likely to occur.

The current index value is now just four points below the +33 registered in October 2018, the highest reading since the late 1990s/early 2000s economic boom. The highest Gallup has ever measured was +56 in January 2000.

Americans' assessments of the job market specifically were unchanged in November, with 65% saying it is now "a good time to find a quality job." Recent ratings of the job market have ranked among the best in Gallup's trend on this question, which dates to 2001.

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Economy
Americans are more confident in the economy now than in recent months, and their satisfaction levels have been restored after dipping in October.
gallup, economic, confidence, satisfaction
275
2019-58-26
Tuesday, 26 November 2019 01:58 PM
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