A remarkably low 13 percent are calling President Trump’s economy a problem as confidence is hitting a 14-year high, and seven in 10 said 2018 is a good time to find a quality job.
The key points from Gallup’s just-published economic survey:
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- Economic Confidence Index at +31 in November, remaining at its highest since 2004.
- 55 percent rate current economic conditions positively.
- Record-tying 68 percent say it is a good time to find a quality job.
(Gallup)
“It has been nearly two decades since Americans have been as positive about the U.S. economy as they are now,” Gallup said.
(Gallup)
Most notably, very few are worried about the economy, typically the top concern in any poll.
(Gallup)
According to Gallup, just 13 percent call the economy the nation’s “most important problem.”
The pollster’s bottom line:
Americans’ assessments of the U.S. economy have trended upward over the past decade as unemployment has registered nearly 50-year lows, the stock market has reached record highs and the economy has had one of its longest sustained periods of expansion. Americans are not as exuberant about the economy as they were during the late 1990s and early 2000s, perhaps because the pace of economic growth has not been quite as fast as it was back then, with annual increases in the gross domestic product consistently below 4% compared with increases of 4% or better from 1997 through 2000. Additionally, at that time the U.S. federal budget had surpluses rather than deficits. Americans’ memories of the Great Recession, or Democrats’ concerns about President Donald Trump and his policies, may also be holding their present optimism about the economy in check. Even so, it has been nearly two decades since Americans have been as positive about the U.S. economy as they are now, and the recent volatility in the stock market so far appears to have done little to shake their confidence.
