Jobs are returning, COVID-19 cases are remaining relatively low and the stock market is continuing to perform well. A new survey shows these indicators are helping to boost the overall optimism Americans have in the country's economy.
A new survey from Morning Consult shows a 52 percent majority of U.S. voters say the economy is currently recovering. A third of voters say it’s still worsening, while 10 percent say it’s staying the same.
Still, big differences in opinion are seen between the two dominant political parties in the U.S. Democrats in the survey were much less likely to view the economy as recovering, with 48 percent saying the economy is currently still worsening. Republicans were far higher on the current state of the economy, with a large 76 percent saying it was recovering.
Unemployment has been steadily falling in the country, with latest numbers showing an unemployment rate of 8.4 percent in the country – the lowest it’s been since pandemic restrictions began in March. With companies ramping up hiring and people going back to work, it makes sense that the national perspective on the economy is turning more cheerful for the future.
One economic indicator most people are watching is the stock market, which continues to push to new heights despite many analysts predicting deep, enduring financial difficulties for the coming months and – potentially – years. Renewed outbreaks of COVID-19 in the U.S. could also cause optimism to fall again as the country enters the cooler months of fall and winter.