Posted on 05/22/2019 12:01:18 PM PDT by SeekAndFind
WASHINGTON, D.C. -- Americans' confidence in the U.S. job market is the highest in Gallup's trend originating in 2001, with 71% in May saying now is a good time to find a quality job. This represents a significant improvement from March and April, when 65% each month rated the job market favorably. Today's level is similar to February's 69% reading.
The latest survey was conducted May 1-12, with most of the interviews collected after the May 3 Labor Department report announcing that unemployment in April had fallen to 3.6%, the lowest in nearly 50 years.
Gallup's national adult trend on this question started in August 2001, when 39% rated the job market favorably. This was at a time of rising unemployment amid the 2001 recession. However, even after that economic downturn, the figure remained subdued for the next 16 years, including dips below 10% at points in 2009, 2010 and 2011, when unemployment was especially high.
Optimism about the job market rose fairly steadily after 2011, in line with improvements in the unemployment rate. More recently, the percentage of Americans viewing the job market positively first surpassed 60% in September 2017 and averaged 65% in 2018.
Worker Job Perceptions Also Strong A pre-2001 comparison is possible using data collected by the University of Connecticut and Rutgers University, which asked the same question but only among those in the U.S. workforce (those who are employed or who are unemployed and looking for work) rather than of all Americans. The Connecticut/Rutgers U.S. workforce trend originates in 1998, a few years earlier than the Gallup national adult trend.
(Excerpt) Read more at news.gallup.com ...
“Barack’s economy continues to grow.....”
Screw you, Juan!
Why on earth is the economic perception of idiots worth anything? SMH
Because their impressions are how they view it.
Market highs do not come at the start of a cycle.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.