Record Partisan Gap in Views of Economic News
Just 15% of Democrats say recent economic news is mostly bad, down from 31% a month ago and among the lowest percentages over the last four years. Six-in-ten Republicans (60%) say news about the economy is mostly bad, as do 36% of independents.
Perceptions of Economic News Turn More Negative
The public’s perceptions of economic news have taken a turn for the worse. That could be bad news for Barack Obama, who held a lead over Mitt Romney in polling conducted mostly before disappointing jobs report and stock market slide during the week of May 31-June 3.
The Demographics of the Jobs Recovery
Hispanics and Asians are gaining jobs at a faster rate in the economic recovery than are blacks and whites, and immigrants are outpacing the native born. The disparities reflect the rapidly changing demographics of the U.S. workforce.
Young, Underemployed and Optimistic
A plurality of the American public believes that young adults are having the toughest time of any age group in today’s economy — and a lopsided majority says it’s more difficult for today’s young adults than it was for their parents’ generation to pay for college, find a job, buy a home or save for the future. But long-term economic optimism among young adults remains unscarred.
Frustration with Congress Could Hurt Republican Incumbents
Public discontent with Congress has reached record levels, and the implications for incumbents in next year’s elections could be stark. The Republican Party is taking more of the blame than the Democrats for a do-nothing Congress.
In Two Years of Economic Recovery, Women Lost Jobs, Men Found Them
During the sluggish two-year recovery from the Great Recession, men have gained 768,000 jobs while women have lost 218,000 jobs. This new gender gap in employment trends represents a sharp turnabout from the recession itself, when men lost more than twice as many jobs as women. The current recovery is the first since 1970 in which women have lost jobs while men have gained them.
Republicans Are Losing Ground on the Deficit, But Obama’s Not Gaining
Far fewer Americans now say that Republicans in Congress have the better approach to the budget deficit than did so in November with the GOP losing ground among political independents as well as key elements of the its base, including Tea Party supporters. But the public is no more supportive of Barack Obama’s approach to the budget deficit than it was in November.
For the Public, a Tough Year Ends on a Down Note
Consistent with the mood of the nation all year, 2010 is closing on a down note — but not as low as in December 2008. Fully 72% are dissatisfied with national conditions, 89% rate national economic conditions as only fair or poor, and majorities or pluralities think the country is losing ground on nine of 12 major issues.
After the Great Recession: Foreign Born Gain Jobs; Native Born Lose Jobs
Immigrants are gaining jobs at a time when native-born workers continue to sustain losses. Foreign-born workers job gains may be the result of greater flexibility with regard to wages and hours of work or greater mobility. But despite rising employment, immigrants have experienced a sharp decline in earnings as well as a still substantial net loss in jobs.
Public Uncertain How to Improve Job Situation
There is broad public agreement that past government policies intended to address the financial crisis and recession have not worked. At the same time, there is very little agreement about what the government should do now to deal with the nation’s biggest economic concern — the job situation.