Americans were already nervous about the economy before the government shutdown. Now they’re terrified.
A Gallup poll released Friday finds that economic confidence this week fell to its lowest level since early 2009, when Americans were experiencing mass layoffs and the financial crisis put the economy on the brink of collapse.
More than 2 out of 3 respondents said the economy is getting worse.
Gallup’s indicator puts economic confidence at negative-34 as of Thursday, down 14 points from the eve of the shutdown and down 17 from the start of September.
Gallup’s poll measures popular perception of the state of the economy, but it does not provide any information on what the economy is actually doing.
More information on that would typically be available Friday, as federal economists would normally be releasing their monthly report on jobs and employment. That report, however, is on hold, because the federal workers responsible for releasing it have been idled by the shutdown.