- Prior 48.0
- 6 month economic outlook 43.1 vs 45.7 prior
- Personal financial outlook 55.5 vs 58.2 prior
- Confidence in Federal economic policy 38.9 vs 40.2 prior
“Consumers became pessimistic on all aspects of the economy. Our data suggests the recovery may be sputtering. Both the low labor participation rate of 62.8% and the first-quarter GDP growth rate of 0.1% reinforce our hypothesis,” said Raghavan Mayur, president of TIPP, a unit of TechnoMetrica Market Intelligence, IBD’s polling partner. “Forty-eight percent think that the U.S. is still in a recession. Also, 49% feel the economy is not improving, while 50% believe it is.”
“Despite media reports of a coming rebound, most Americans don’t see it yet,” said Terry Jones, associate editor of Investor’s Business Daily. “And despite the widely touted creation of 288,000 jobs in April, more than 800,000 people left the workforce during the month. The recovery remains subpar, at best, and may be in jeopardy.”
Not a big data point but it gives some insight to feelings on the ground
