Job Optimism Reaches Record Levels

According to Gallup, job optimism is at a 17-year high.

Job optimism is a “soft” economic indicator but it has some value in figuring out the state of the economy. The last time Gallup found this level of job optimism was the year before terrorists attacked the World Trade Center.

In my opinion, this means a lot more than Presidential popularity polls.

We should ask people, as the 2018 elections approach: What do you think the economy would be like right now if Hillary had won?

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Gallup reports, “Americans’ Optimism About Job Market Hit Record High in 2017.

Americans’ optimism about finding a quality job averaged 56% in 2017, the highest annual average in 17 years of Gallup polling and a sharp increase from 42% in 2016. Coinciding with rising optimism, the U.S. unemployment rate fell from an average 4.9% in 2016 to 4.4% in 2017, the lowest rate since 2000.

Since October 2001, Gallup has asked Americans monthly if it is a good time or a bad time to find a quality job. Historically, Americans’ perceptions of the job market have tracked closely with the monthly unemployment figures from the U.S. Bureau of Labor Statistics. When the unemployment rate is low, public perceptions that it is a good time to find a quality job rises.

That optimism is matched in other areas of the economy:

Read the entire Gallup report.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Joe Scudder

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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