Government Shutdown Puts Americans in Economic Terror

Real information about the economy, however, is unavailable.

Americans are the most anxious they've been over the economy since the financial crisis.
National Journal
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Patrick Reis
Oct. 4, 2013, 8:56 a.m.

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.


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