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The IBD/TIPP Economic Optimism Index dropped 1.7 points, or 3.5%, in September, posting a reading of 46.7 vs. 48.4 in August. The index is 0.4 points below its 12-month average of 47.1, 2.3 points above its reading of 44.4 in December 2007 when the economy entered the last recession, and 2.1 points below its all-time average of 48.8.
After another mediocre jobs report showing gains barely keeping up with natural labor force growth, Barack Obama rushed to the TV cameras and spiked the football in the end zone. But if there had been referees, he would have been penalized for excessive celebration.
Despite stocks’ rocky start to the year and difficult days for U.S. manufacturing, Americans’ optimism about the economy grew, according to the latest IBD/TIPP Economic Optimism Index.
The IBD/TIPP Economic Optimism Index edged up 0.5 points, or 1.1%, in February, posting a reading of 47.8 vs. 47.3 in January. The index is 0.3 points above its 12-month average of 47.5, 3.4 points above its reading of 44.4 in December 2007 when the economy entered the last recession, and 1.3 points below its all-time average of 49.1.
Americans are still modestly pessimistic about the economy, according to the latest IBD/TIPP Economic Optimism Index, with investor confidence sinking after the Dow industrials and S&P 500 suffered their worst-ever starts to a new year.
The Economic Optimism Index edged up 0.1 point in January to 47.3. Readings above 50 signal optimism. But aside from two months in early 2015, the index has been below 50 since October 2012.
The economy rose at a 2% annual rate in the third quarter, revised down from 2.1% and Q2’s 3.9%, the Commerce Department said Tuesday. The U.S. is on pace for a 10th straight year of failing to achieve 3% annual growth. That helps explain why it took nearly a decade for the Federal Reserve to raise interest rates, and why Donald Trump has had so much support in his presidential run.
Americans are more upbeat about their own financial prospects than at any point in the past three years, even though they're still not optimistic about the direction of the broad economy, according to the latest IBD/TIPP Poll.
The IBD/TIPP Economic Optimism Index slipped 1.2 points, or 2.5% in August, posting a reading of 46.9 vs. 48.1 in July. The index is 1.2 points below its 12-month average of 48.1, 2.5 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 2.3 points below its all-time average of 49.2.
Americans remained gloomy about the economy for a third straight month, while the six-month outlook gauge fell to a 10-month low, according to the latest IBD/TIPP Poll.
The IBD/TIPP Economic Optimism Index maintained its June reading of 48.1 in the July survey. The index is 0.2 points above its 12-month average of 47.9, 3.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 1.1 points below its all-time average of 49.2.
A sputtering economy, rising gas prices and other factors fueled the biggest rise in financial stress since the peak of the credit crisis in October 2008, according to the latest IBD/TIPP Poll.
The IBD/TIPP Economic Optimism Index slipped 1.6 points, or 3.2% in June, posting a reading of 48.1 vs. 49.7 in May. The index is 0.4 points above its 12-month average of 47.7, 3.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 1.1 points below its all-time average of 49.2.
The uneven U.S. recovery isn't lifting all boats. For those with college degrees, jobs are plentiful, while for those with high school education or less, they're nearly nonexistent. This is America's real inequality problem.
The IBD/TIPP Economic Optimism Index slipped 1.6 points, or 3.1% in May, posting a reading of 49.7 vs. 51.3 in April. The index is 2.0 points above its 12-month average of 47.7, 5.3 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 0.5 points above its all-time average of 49.2.
The IBD/TIPP Economic Optimism Index gained 2.2 points, or 4.5% in April, posting a reading of 51.3 vs. 49.1 in March. The index is 3.9 points above its 12-month average of 47.4, 6.9 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 2.1 points above its all-time average of 49.2.
In what could be a significant opening for the Republican Party, working-class Americans have largely abandoned President Obama and rejected his economic policies as they continue to suffer from the historically weak economic recovery, a new analysis of IBD/TIPP Poll data finds.
The IBD/TIPP Economic Optimism Index rose to start March, as Americans in most of the country were much more upbeat about their own financial outlooks. But out West, pessimism has intensified as California gas prices rise at the fastest pace in at least 15 years.
The IBD/TIPP Economic Optimism Index gained 1.6 points, or 3.4% in March, posting a reading of 49.1 vs. 47.5 in February. The index is 2.0 points above its 12-month average of 47.1, 4.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 0.1 points below its all-time average of 49.2.
The US economy grew in the final quarter of last year at a 2.2 percent rate, according to revised estimates that make 2014 the strongest year for economic growth since an initial postrecession rebound in 2010.
Just weeks after President Obama proclaimed that America had turned the corner and his "middle class economics" was working, the public is more pessimistic than they've been in months, and few think Obama's policies have significantly helped the middle class, the latest IBD/TIPP poll finds.
