More than half of respondents rated economic conditions as either excellent or good, while only 9 percent said they were poor—that's the lowest such rating since immediately after the terrorist attacks on September 11, 2001, Gallup reported.
American's evaluations of the economy are the highest since July, according to a Thursday poll by Gallup of more than 1,000 U.S. residents.
In September and October, reports of a looming recession may have weighed down Americans' perception of the economy, Gallup's numbers suggest. Now, most respondents think it's improving and report satisfaction with"the way things are going" more generally, the poll said. Amid impeachment hearings and funding disagreements that seem to polarize lawmakers, Democrats and Republicans are almost equally likely to name the government as America's foremost problem, but their specific complaints differ. Democrats were more likely to mention"President Trump" in their comments, whereas Republicans reported issues with"Congress,""Impeachment" or"Democrats," according to the survey.
The economy added 128,000 jobs in October, according to the U.S. Department of Labor, while the decades-low unemployment rate still hovered around 3.6 percent. At the same time, nominal wage growth since the last recession has been low and flat, according to the Economic Policy Institute, and has yet to recover to 2008 highs for workers in the private-sector.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. housing outlook improves but not breaking new ground: Reuters pollThe rise in U.S. home prices will continue to outpace consumer inflation until a...
Read more »
The worst of the global economic slowdown may be in the past, Goldman saysAfter a year filled with intense worry that both the U.S. and global economy were about to tip into recession, the narrative is changing for 2020.
Read more »
ECB's Lane rules out euro zone recession, says recovery in next year or twoThe economy of the euro zone will not fall into a recession although it is growi...
Read more »
This Japanese hotel room costs $1 a night. The catch? You have to livestream your stayWhen 27-year-old Tetsuya Inoue began running the Fukuoka, Japan hotel owned by his grandmother, he wondered how he could improve business in the new economy.
Read more »
'Dark Waters' movie poses risk for 3M, analyst saysA new movie could shine a spotlight on potentially toxic chemicals found all around us.
Read more »
Target soars 14% on earnings—Jim Cramer and other pros on what to watch nowTarget's earnings beat pushed the stock to new heights Wednesday, and industry leaders say it's a sign of underlying strength in the U.S. economy.
Read more »