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?
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:
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