Tags: gallup | americans | economic | views | optimism

Gallup: Americans' Economic Approval at 18-Year High of 57 Percent

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By    |   Friday, 22 February 2019 03:10 PM

Americans’ views of the U.S. economy and optimism about its future have risen, with one indicator rising to an 18-year high, according to a recent Gallup poll.

The recent Gallup poll began less than a week after President Donald Trump signed legislation to end the 35-day shutdown and open the government for three weeks so lawmakers could negotiate funding for a border wall. The latest readings are from a Feb. 1-10 Gallup poll.

In his State of the Union address, Trump touted an "unprecedented economic boom" launched under his leadership.

Since he took office, his handling of the economy has been a strength for him relative to other issues, and the latest reading continues that trend, with 52% of Americans approving. His current approval rating on the economy is not significantly different from the November reading. At that time, his economy rating far outweighed his ratings across several other areas.

From June until early November 2018, an average 54% of Americans rated the economy as "excellent" or "good."

In January, that reading hit 49% amid the shutdown and a volatile stock market, but it has rebounded sharply in the latest poll, with the shutdown over and the stock market performing well again.

Today, 57% of Americans rate the economy as excellent or good, the highest since January 2001.

At the same time, optimism about the economy's trajectory faltered in January as 44% of Americans said they thought economic conditions in the U.S. were getting better, down from 57% in November. In the latest poll, that figure has risen 10 points, to 54%.

In his speech, Trump also highlighted the nation's low unemployment rate, which has been at or below 4% since last March.

Although Americans' perceptions of the job market have been positive for the past year, the 69% in February who say it is now a good time to find a quality job is the highest it has been (albeit by one point) since Gallup first asked the question in 2001.

To be sure, President Donald Trump on Tuesday tweeted that the stock market would effectively have crashed had he lost the 2016 race for the White House.

The president reiterated a number of similar statements he has made that have assigned credit to his administration for buoying financial markets over the past two-plus years, MarketWatch explained.

"Trump didn’t specify which benchmark he was referencing but, the 45th president was likely referring to the Dow Jones Industrial Average, which has gained 42%, or more than 7,600 points, since the day before his stunning victory over Democrat Hillary Clinton on Nov. 8, 2016. (A 10,000-point fall in the Dow would have taken the blue-chip gauge to 8,259, representing a 55% tumble.)," MarketWatch explained.

"Had the opposition party (no, not the Media) won the election, the Stock Market would be down at least 10,000 points by now. We are heading up, up, up!" Trump tweeted earlier this week.

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Americans’ views of the U.S. economy and optimism about its future have risen, with one indicator rising to an 18-year high, according to a recent Gallup poll.
gallup, americans, economic, views, optimism
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2019-10-22
Friday, 22 February 2019 03:10 PM
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