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

Police seek motive in fatal Washington state school shooting

Fresh
mp

Authorities are seeking a motive as to why a high school student shot dead a female classmate and wounded four others.

in Entertainment

This weekend in entertainment history

beatles

A look back on some of Hollywood's most memorable moments.

in Local Sports

Cougar & Husky doubleheader on KPUG

pac 12 logo

The Washington State Cougars welcome the Arizona Wildcats, the Washington Huskies host the Arizona State Sun Devils on Saturday and you can hear both games on KPUG 1170.

in Local Sports

Jenn Paul named GNAC Golfer of the Week

western washington logo generic copy/wwu

Western Washington University's Jenn Paul has been named Great Northwest Athletic Conference Women's Golfer of the Week for Oct. 19-25.

in Local Sports

Bellingham routs Wenatchee

bellingham blazers logo

The Bellingham Blazers beat the Wenatchee Wolves on Friday night at the Bellingham Sportsplex.