A truly remarkable number of good economic indicators are going higher and higher, such as job openings, new hires, wage gains, output, and corporate earnings. At the same time, some less desirable ones are climbing too, like employee quits, supply chain delays, and inflation.
Not only is it the lowest point for this year, it's the lowest point of the entire pandemic when it plunged from 101.0 in February to 71.8 in April 2020. "Consumer sentiment fell in early November to its lowest level in a decade due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation," Surveys of Consumers chief economist Richard Curtin wrote.to chip away at their income gains in the coming year, he added.
For one thing, it's entirely likely that respondents to the UM survey in April 2020 and subsequent months didn't fully comprehend the magnitude of the catastrophic dimensions of the emergency that was unfolding in real time, and thus rated their outlook higher than it might otherwise have been., showed a massive disconnect between official measurements of the economy and real people's experiences of it.
Doesn’t anyone understand what happens in these surveys? All the crazy Republicans will always say everything is bad when a Democrat is in control. No matter what. These surveys are pointless. Look at data not sentiment. It’s not real.
No we dont.
Trump was so chaotic many people were initially just grateful to see him gone, unfortunately now they are getting to see what replaced him and it's disappointingly progressive, not moderate, unifying or centrist.
Loss of confidence in the leadership. Congressional and the Administration.
Bullshit!!!! Go to Costco and tell everyone in that packed store that they CAN'T afford the things they are buying!
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Bareshelves Biden is to America as Business Insider is to the internet. Both are cancers. Both are just filled with incoherent thoughts, engage in criminal behavior and are bought by CHINA. Both should do the public a favor and resign/end the publication.
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kathrynw5 So brikeilarcnn may have doomed Biden’s re-election.
今天，美国人对经济的感觉比一切都关闭、2200万人失业时更糟糕
I suspect you could say this about almost everything: 'Americans feel worse about the ________ today than they did when everything was shutting down'
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