Americans were slightly optimistic about the state of the economy last week, with Gallup’s U.S. Economic Confidence Index averaging +3 for the week ended July 9, the researcher said in a statement. Last week’s score is in line with the index’s performance for May and June.
U.S. employers added 222,000 jobs in June, according to the Bureau of Labor Statistics, exceeding most economists’ expectations. The most recent BLS jobs report had no immediate effect on economic confidence.
Since the first week of May, the index has remained in a tight range of +2 to +4, apart from a slightly lower score of zero last week, which appears to have been a short-term dip.
Confidence in the economy remains down notably from the higher levels seen in the first three months of the year, including the measure’s weekly post-recession high of +16 in early March. The index lost ground in late