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U.S. consumers are even more pessimistic about the economy and less optimistic about their personal finances this month than they were previously, according to the most recent poll by Investor's Business Daily and TIPP.
The IBD/TIPP Economic Optimism Index fell 2.1 points, or 4.4% in July, posting a reading of 45.6 vs. 47.7 in June. The index is 0.9 points above its 12-month average of 44.7, 1.2 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 3.7 points below its all-time average of 49.3.
With some 217,000 jobs added by employers in May, the US economy finally has grown enough jobs to replace all those lost during the recession – and to reach a new all-time high.
The IBD/TIPP Economic Optimism Index gained 1.9 points, or 4.1% in June, posting a reading of 47.7 vs. 45.8 in May. The index is 2.9 points above its 12-month average of 44.8, 3.3 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 1.6 points below its all-time average of 49.3.
If President Obama succeeds in his bid to raise America’s minimum wage to $10.10 per hour, the move would probably mean fewer jobs, not just higher pay for low-skill workers.
Less than half the public support a sharp boost in the minimum wage when told that it could cost the economy half a million jobs, according to the latest IBD/TIPP Poll out Thursday.
Food and energy prices are rising, wages are flat and the top concern among Americans is unemployment. What was that word coined in the '70s to describe a stagnant economy suffering inflationary pressures?
Increased purchase intent and the gradual improvement in consumer confidence over the last few months are likely to add more fuel to the already sizzling fire of new vehicle sales performance, according to the latest reading of the TechnoMetrica Auto Demand Index.
December's disappointing job numbers came in below expectations, again dampening hopes for sustained economic growth. But the latest data just scratch the surface of Obama's dismal failure on jobs.
U.S. consumers were less pessimistic about the economy and more optimistic about their personal finances in the latest poll from Investor's Business Daily and TIPP.
The IBD/TIPP Economic Optimism Index improved by 2.1 points, or 4.9% in January, posting a reading of 45.2 vs. 43.1 in December. The index is 0.5 points above its 12-month average of 44.7, 0.8 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 4.2 points below its all-time average of 49.4.
Americans were a little less gloomy heading into the holiday season, but they were still far from merry according to the latest IBD/TIPP Economic Optimism Index.
U.S. consumers were less pessimistic about the economy and their personal finances in the latest poll from Investor's Business Daily and TIPP, though overall consumer confidence remained in negative territory for the full year.
The IBD/TIPP Economic Optimism Index improved by 1.7 points, or 4.1%, in December, posting 43.1 vs. 41.4 in November. The index is 1.7 points below its 12-month average of 44.8, 1.3 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 6.3 points below its all-time average of 49.4.
U.S. consumers were less pessimistic about the economy and their personal finances in the latest poll from Investor's Business Daily and TIPP but were still more downbeat than when the economy first entered the recession.
Economic optimism rebounded in the latest month from a two-year low, but only partially recouped losses, suggesting a lingering impact on sentiment after the partial government shutdown ended.
The IBD/TIPP Economic Optimism Index improved by 3.0 points, or 7.8%, in November, posting 41.4 vs. 38.4 in October. The index is 3.6 points below its 12-month average of 45.0, 3.0 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 8.1 points below its all-time average of 49.5.
Economic optimism is hitting lows not seen since the August 2011 debt ceiling and budget showdown, as Washington sinks once again into bitter stalemate.
U.S. consumers were sharply more pessimistic about the economy while views of their own personal finances and how government policies are working also weakened, in the latest poll from Investor's Business Daily and TIPP, a unit of TechnoMetrica Market Intelligence.
The IBD/TIPP Economic Optimism Index declined by 7.6 points, or 16.5%, in October, posting 38.4 vs. 46.0 in September. The index is 7.2 points below its 12-month average of 45.6, 6.0 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 11.1 points below its all-time average of 49.5.
