- Home
- Business
- Americans' Fear Economy Weakening Despite Record 74% Saying 'Good Time' to Get Job - Poll
Americans' Fear Economy Weakening Despite Record 74% Saying 'Good Time' To Get Job - Poll
Sumaira FH Published October 28, 2021 | 01:10 AM
WASHINGTON (UrduPoint News / Sputnik - 28th October, 2021) Americans' expectations for the US economy fell to the lowest point since early in the coronavirus pandemic, despite three-fourths of adults saying now is a good time to apply for a job, a new Gallup poll revealed on Wednesday.
"Three-quarters of Americans rate current economic conditions in the country as only fair (42%) or poor (33%), and 68% say the economy is getting worse," Gallup said in a press release combining data on economic confidence and job-hunting prospects from an October 1-19 survey.
The current -25 point reading in Gallup's economic confidence index for October is the lowest since -33 in April 2020 and -28 the next month, when unemployment was spiking as the coronavirus pandemic took hold, the release said.
The index has a theoretical range of plus 100 if all respondents say the economy is excellent or good and that it is getting better, and minus 100 if everyone says the economy is poor and getting worse, the release said.
Although Americans this month are more pessimistic about the US economy, 74% say now is a good time to find a quality job, a record since Gallup began asking the question in 2001, the release added.
Although the number of coronavirus cases in the United States began to wane in recent weeks, the economic effects persist as employers in many industries struggle to fill job openings, according to the release.
Recent Stories
Pakistan marks World Press Freedom Day
High-level Saudi business delegation due on May 5
Stocks heat up as US labour market cools
President approves Tax Laws (Amendment) Bill 2024
Implementation of merit, justice to oppressed segments top priorities: CPO
Overseas Kashmir community delegation calls on AJK President, discusses latest s ..
Govt believes in freedom of press: Amir Muqam
Labour urges UK election after Tory losses
Health authorities asked for action against alleged illegal tenders at Services ..
Spain scraps national bullfighting prize sparking debate
Lahore High Court (LHC) Chief Justice Malik Shahzad Ahmad Khan visits Rawalpindi ..
ATC extends interim bail of PTI founder in 3 cases
More Stories From Business
-
CCP approves scheme of arrangement for restructuring of PIACL
8 hours ago -
High-level Saudi business delegation due on May 5
10 hours ago -
Stocks heat up as US labour market cools
10 hours ago -
Planning minister stresses need for establishing digital corridor
10 hours ago -
Burj Solar install Pakistan´s first distributed generation Wind Power project
10 hours ago -
TEVTA’s BoD decides capacity building, adoption of frugality
11 hours ago
-
US hiring slows more than expected in sign of cooler market
11 hours ago -
Stocks heat up as US labour market cools
12 hours ago -
Stocks heat up as US labour market cools
12 hours ago -
US hiring slows more than expected in sign of cooler market
12 hours ago -
PSX turns bullish, gains 1,244 points
13 hours ago -
Finance Minister for measures to enhance tax to GDP ratio
14 hours ago