Archive for Economy

May
02

Americans’ Confidence in Economy Stable, Positive

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thumbs-up1Americans have remained upbeat about the economy for 24 straight weeks, though their current level of confidence is lower than it was earlier in the year. Gallup’s U.S. Economic Confidence Index stood at +7 last week, generally in line with readings since the November presidential election. However, it is below the +16 score observed in early March and similar high scores in late January.

Gallup’s U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they feel the economy is improving or getting worse. The index has a theoretical maximum of +100 if all Americans were to say the economy is doing well and improving, and a theoretical minimum of -100 if all were to say the economy is doing poorly and getting worse.

Shortly after the presidential election, Gallup’s U.S. Economic Confidence Index crossed into positive territory for the first time in nearly two years. The index’s overall improvement was mainly attributable to a surge in confidence among Republicans, who expressed widespread dissatisfaction with the state of the economy during former President Barack Obama’s tenure but whose opinions quickly changed course after a Republican won the White House.

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Categories : National News
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Nov
25

Carolinas Continue Rebound from Great Recession

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Charleston has significantly improved its gross domestic product from the depths of the Great Recession, according to recent data from the Brookings Institution.

In its Metro Monitor for September, Brookings examines the 100 largest U.S. metro areas for four key metrics:

  • gross product
  • home prices
  • jobs
  • unemployment

Those indicators are studied at the depths of the recession, during the recovery, and where they stand currently. Brookings then ranked the cities based on improvement in each of those categories.

When it comes to rebounding from its lowest point, Charleston ranked No. 9 in GDP improvement, gaining 17 percent from the third quarter of 2009 to Q3 2013. It ranked 12th in job creation, gaining 9 percent from Q4 2009.

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