Weekly Pulse: Confidence in the Economy Slips

For the first time all year, less than half of Americans rated the economy good or excellent, according to the Job Creators Network/ScottRasmussen.com Weekly Pulse, released today.

“Unemployment is very low, wages are rising, and gas prices are dropping. There’s a lot for Americans to feel good about right now. On the other hand, the economic news has been dominated for weeks by the roller coaster stock market. That could be affecting the way some Americans perceive the general economy,” said Elaine Parker, President and CEO of the Job Creators Network Foundation.

The survey found that 47 percent of Americans rate the economy as excellent or good. The four-week average is roughly 52 percent. Also, the percentage of Americans who say the economy is getting better dropped slightly, from 36 percent last week to 32 percent this week.

“General confidence in the economy seems to have dipped a little, but there’s not much fluctuation in the way Americans see their own personal finances,” said pollster Scott Rasmussen.

According to the Pulse, 51 percent of Americans this week say their personal finances are excellent or good. That reading is unchanged from last week. Twenty-seven percent of Americans say their personal finances are getting better, compared with 22 percent who say they’re getting worse.

The percentage of Americans who think that businesses in their area are hiring rose slightly, from 43 percent last week to 45 percent this week.

“Average Americans have been much steadier in their confidence than the folks on Wall Street, but this is the lowest reading all year,” said Parker. “This could be a blip, or the start of some weakening. We’ll have to keep an eye on it.”

For more information about the Job Creators Network, please visit www.jobcreatorsnetwork.com.

#####

Posted in Deeper Currents

Scott's Newsletter
Sign up for Scott's newsletter and get his political insight delivered right to your inbox!