Americans still frustrated about the economic situation: Gallup - KMSP-TV

Americans still frustrated about the economic situation: Gallup Poll

Posted: Updated:
CHICAGO (FOX 32 News) -

The economy may be improving and unemployment dropping, but that's not translating into people feeling better about their economic situation.

FOX 32's Craig Wall took a look at some polling numbers that indicate there's a still a lot of frustration out there.

A Gallop poll done earlier this month for its annual "Mood of the Nation" poll showed that more Americans are worse off financially than they were a year ago, despite feeling more confident about the overall economy.

The percentage of Americans who reported being worse off financially has increased from 34 percent to 42 percent.

Experts said the effects of the economic downturn, that started with the 2008 recession, continue.

"Here's what people often don't understand, we've had two relatively strong years of job creation, but the hole we dug in this recession was unprecedented, so many more people out of work, it's taken a lot longer to get back to the place we were before the recession started because that hole was so deep," Challenger, Gray and Christmas jobs specialist, John Challenger, said.

What jobs specialist John Challenger sees now is what he calls a very interesting phenomenon, that people who recently lost their jobs are finding new ones more quickly.

Of course, the longer people go without finding a new job, the more difficult it becomes because they are seen as undesirable prospective employees.

However, if 2013 was a dud, there are mixed feelings about what's ahead.

A more recent poll showed Americans' economic confidence slipped in the past two weeks. Poll takers said that is likely due to federal government numbers showing December had the weakest job growth rate in three years.

It could also signal that frustrated job seekers are dropping out of the labor force.

Psychiatrist Dr. Angelos Halaris said from what he's seeing, the economic situation continues to take it's emotional toll.

" At Best, a mild sense of hope, there is still a lot of hopelessness out there, especially people who have been looking for a job for year and haven't been able to find one," Dr. Halaris said.

Interestingly enough, Gallup's "Mood of the Nation" poll did show signs of hope.

A majority of Americans, 55 percent, predict they will be financially better off a year from now.

Follow Us!

Share Your Photos & Video

Powered by WorldNow

11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices