… In a country as large and diverse as the U.S., how do citizens know whether the economy is doing better or worse? One obvious source of information is the news media. In fact, some political scientists have found that negative news coverage of the economy can shape public opinion, […] Read more »
More in U.S. See Economy in Recession or Depression
Seven in 10 Americans now believe the U.S. economy is in either a recession (40%) or a depression (30%). The combined percentage has increased by 12 percentage points in the past week, and by 15 points since Gallup’s first measurement in late March. CONT. Jeffrey M. Jones, Gallup Read more »
CNN Poll: Views of economy plummet as financial hardship from coronavirus hits half of Americans
Six in 10 Americans now say the economy is in poor shape, up 30 points since last month, according to a new CNN poll conducted by SSRS. The shift is the steepest worsening of public perceptions of the economy in polling dating back to 1997. CONT. Jennifer Agiesta, CNN Read more »
1 in 4 Americans have either lost their job or had pay cut from coronavirus shutdowns
A quarter of Americans have either lost their job or seen their wages cut as a result of the coronavirus shutdown, according to the CNBC All-America Economic Survey, which registered the biggest and fastest decline ever in the public’s view of the economy. At the same time, it found that […] Read more »
Bloomberg Consumer Comfort Index: A record-shattering retreat in consumer sentiment
A record-shattering retreat in consumer sentiment intensified this week, with the Bloomberg Consumer Comfort Index enduring its biggest one-week drop in 34 years of weekly data. Unprecedented declines in Americans’ ratings of the national economy and the buying climate led the way. CONT. – pdf Langer Research Associates Read more »
Farmer sentiment plummets as coronavirus concerns rise
The Purdue University/CME Group Ag Economy Barometer recorded its largest one-month drop in sentiment during March. The barometer dipped 47 points to a reading of 121, as concerns over the impact of the global pandemic on the agricultural economy weighed heavily on farmers’ minds. CONT. Purdue U. Center for Commercial […] Read more »