Tuesday, June 07, 2011
Just days after the government's announcement that unemployment has risen to 9.1%, short- and long-term confidence in the U.S. economy are at the lowest levels of the Obama presidency.
A new Rasmussen Reports national telephone survey finds that just 31% of American Adults now say the economy will be stronger in one year, down four points from March and lower than at any point since January 2009. Forty-three percent (43%) expect the economy to be weaker in a year’s time, while 15% say the economy will stay about the same. Eleven percent (11%) are not sure. (To see survey question wording, click here.)
Forty-six percent (46%) of Americans expect the economy to be stronger in five years. That’s unchanged from March, which marked the lowest level of optimism in over two years of surveying. Twenty-four percent (24%) expect the economy to be weaker five years from now, while 10% believe economic conditions will remain. Twenty percent (20%) are undecided.
By comparison, in January 2009 as President Obama prepared to take office, 39% expected the economy to be stronger in one year, and 62% felt it would be stronger in five years. Americans have been consistently more optimistic about the economy in the long-term than in the short-term.
(Want a free daily e-mail update? If it's in the news, it's in our polls).
Rasmussen Reports updates are also available on Twitter or Facebook.
The survey of 1,000 Adults was conducted on June 5-6, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
ORLimited Time Discount Offer: $12.00/6 months
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.