Key U.S. economic assessments strong and stable
Fifty-five percent of Americans rate economic conditions as either excellent or good, while 14% describe them as poor, according to the Nov. 1-11 survey. Meanwhile, 57% say the economy is getting better compared with 36% who say it is getting worse.
The results of these two items are summarized in Gallup's Economic Confidence Index, which, at +31, is essentially unchanged from last month (+33) and continues to rank among the best measured since the dot-com boom in the late 1990s and early 2000s.
The new poll also finds 68% of Americans saying it is now "a good time to find a quality job," tying the record high from last month as well as July.
For most of the 18 years during which Gallup has asked this question, less than half of Americans rated the job market positively. Not until February 2017 did the percentage surpass a majority. The record-low reading of 8% came in November 2009, when U.S. unemployment reached 25-year highs.
Given Americans' rosy assessments of the economy and job market, it follows that relatively few Americans view economic matters as the most important problem facing the country.
In response to Gallup's open-ended question, just 13% currently name any economic issue as the most important problem, essentially the same as the past three months, which include the record-low 12% from September. The prior low was 13% in May 1999. A record-high 86% of Americans mentioned an economic issue as the most important problem in February 2009, during the 2007-2009 Great Recession. ■