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 Viral Videos

WATCH: The turkey production line

Fresh
20-overlay4

Ever wonder how that turkey makes it to your table?

in Viral Videos

‘Friends of the Galaxy’ mashes up hit movie, sitcom

Fresh
24-overlay2

If "Guardians of the Galaxy" was set to the "Friends" theme.

in Black Friday, Trending, Viral Videos

TODAY’S MUST SEE: John Oliver takes on Turkey pardoning

Fresh
13-overlay5

The silly tradition is lampooned by the "Last Week Tonight" host.

in Entertainment, Lifestyle

11 awkward Thanksgiving jokes

WP-ThanksgivingJokes-UncomfortableGpa

Worried about spending quality time with family this weekend? Cut the dinner table tension with a delightfully awful Thanksgiving zinger.

in Entertainment

Today in entertainment history: Nov. 26

FILE - In this March 5, 2009 file photo, Michael Jackson is shown at a press conference in London. Testimony from AEG Live executive Paul Gongaware on his interactions with Jackson and his negotiations with the singer’s doctor dominated the fifth week of a civil case against the company filed by the superstar’s mother, Katherine. On Tuesday May 28, 2013, Gongaware reluctantly acknowledged that he negotiated the $150,000 per month rate that Jackson’s doctor expected to be paid to serve on the “This Is It” tour.

A look at the Hollywood headlines that made history.