Economic Pessimism Comes Back
“The relative stability in satisfaction measured in the May 3-18 Gallup survey contrasts with greater recent variation in U.S. economic confidence. Gallup’s Economic Confidence Index is now -7, down from +2 in April and back to the level registered in March. The recent shifts in confidence may reflect public reaction to a stronger-than-anticipated jobs report in April, followed by a weaker-than-expected report in May.”