Although sentiment is improving (more on that soon), poll after poll suggests that Americans hold largely negative views about the US economy.
And the US economy remains a job-creation machine, adding 368,000 jobs per month on average during the Biden administration, a record high.
But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor.
A recent study from the Brookings Institution, released last week, found a correlation between economic sentiment and political affiliation with the party in control of the White House.
When Trump took office, Republican economic sentiment surged, while Democratic sentiment cratered.
Persons:
Kamala Harris, Joe Biden, Biden, Trump, Covid, That’s, Donald Trump, they’re
Organizations:
CNN, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Republican, Democrat