The following is the More than half of American adults think the economy is recovering From Morning Consult recommended by recordtrend.com. And this article belongs to the classification: global economy .
The stock market hit an all-time high before the recent slump in technology stocks led to a sharp drop in share prices. The “real economy” is an indicator of consumer confidence, unemployment rate and other potential economic indicators.
According to a new survey by morning consult, adults seem to be driven more by the unemployment rate than by the ups and downs of the stock market. The unemployment rate recently dropped to 8.4%, and the stock market recently fell to a four week low.
52% of adults said they would describe the current U.S. economy as “recovering”; by contrast, 33% said it was “deteriorating.”.
That’s nine percentage points higher than at the end of August, when 43% of respondents said the economy was recovering. By then, the S & P 500 had reached a record high, and the unemployment rate was close to the peak of the 2008 financial crisis, which was 10.2% in July.
This trend is intensifying at the time of the election. In a recent poll, just over a third of Democrats said the economy was recovering, compared with 28% at the end of August.
Republicans have a much higher approval rating. In the new survey, 76% of Republicans said that the economy was recovering, an increase of 11 percentage points over the end of August, when 65% of Republicans held the same view.
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