Poll: 60 percent believe U.S. economy getting worse
As the presidential election season begins to heat up, a new poll is reporting that six in 10 Americans believe the economy is getting worse.
Americans were slightly more optimistic in the spring, but economic confidence has been low for most of the summer, according to the Gallup Poll.
Last week, 13 percent of Americans rated the economy either excellent or good, while 43 percent rated it poor. Thirty-five percent said the economy is getting better.
The first of the two back-to-back presidential nominating conventions will begin Monday, meaning voters’ views of the economy will take on more political importance.
On Nov. 6, voters will decide whether they believe President Barack Obama or Republican nominee Mitt Romney will be able to do more to improve economic conditions during the next four years.
Gallup’s mid-month assessment of the employment situation suggests it is unlikely the government’s Sept. 7 report will show a significant decrease in unemployment for August.
Pennsylvania’s seasonally adjusted unemployment rate increased in July to 7.9 percent, up from a revised 7.6 percent in the previous month, according to the state Department of Labor & Industry.
Local market data for July will be released Aug. 28.