News

Survey: Americans’ pessimism on economy has grown

Survey: Americans’ pessimism on economy has grown

CONSUMER CONFIDENCE: Seventy-one percent of Americans surveyed say the recession put a permanent drag on the economy. Photo: Associated Press

WASHINGTON (AP) — Despite many signs of a business recovery including improved hiring, Americans are more worried about the economy than they were right after the Great Recession.

A survey released by researchers at Rutgers University says that this pessimism exists despite record Wall Street gains and a host of upbeat economic indicators.

Seventy-one percent of Americans surveyed say the recession put a permanent drag on the economy. In contrast, Rutgers researchers found in a similar survey in November 2009 that only 49 percent thought the downturn would have lasting damage.

That earlier 2009 survey was conducted five months after the recession officially ended.

And when the 2009 survey was undertaken, national joblessness was at 9.9 percent of the labor force, compared to the current 6.2 percent.

The survey says people’s confidence in the economy has been eroded by the slow pace of improvement during the recovery.

Recent Headlines

in National

Back at work: Congress facing busy agenda, funding deadline

Fresh
congresspelosi

Lawmakers return to Washington on Tuesday with a long to-do list.

in National, World

U.S. and Iran: the unbearable awkwardness of defending your enemy

Fresh
kerrynucleartalks

It's always awkward to defend your enemies. But that's the position U.S. President Barack Obama's administration has found itself in with Iran as it pushes for an historic accord that would end a 12-year nuclear standoff.

in Sports

McIlroy suffers severe ankle injury ahead of British Open

Fresh
mcilroy

Rory McIlroy's defense of golf's British Open has been thrown into doubt.

in Lifestyle

‘Minecraft’ celebrities draw record crowd to gaming

Fresh
minecraft

Some of today's biggest celebrities aren't rock stars or sports heroes - they're gamers.

in National

10 FOR TODAY: Monday, July 6

Fresh
worldcupcarli

Your daily look at the stories that will be talked about today.