Americans’ Optimism About Job Market Hit Record High in 2017

Today’s post was shared by US Dept. of Labor and comes from news.gallup.com

  • 56% viewed job market positively in 2017, up from 42% in 2016
  • Confidence in job market buoyed by Republicans since Trump’s inauguration
  • 40% of unemployed adults seeking jobs rated job market as good

WASHINGTON, D.C. — Americans’ optimism about finding a quality job averaged 56% in 2017, the highest annual average in 17 years of Gallup polling and a sharp increase from 42% in 2016. Coinciding with rising optimism, the U.S. unemployment rate fell from an average 4.9% in 2016 to 4.4% in 2017, the lowest rate since 2000.

Since October 2001, Gallup has asked Americans monthly if it is a good time or a bad time to find a quality job. Historically, Americans’ perceptions of the job market have tracked closely with the monthly unemployment figures from the U.S. Bureau of Labor Statistics. When the unemployment rate is low, public perceptions that it is a good time to find a quality job rise. Conversely, when the unemployment rate is high, views of the job market get worse.

Prior to this year, Americans’ assessments of the job market were most positive in 2007 (43%) at the start of the Great Recession and least positive its last year, 2009 (10%). Since the job market bottomed out in 2009, Americans’ ratings of it have improved steadily, rising to the highest level yet in 2017.

Sharp Republican Reversal on Job Market in 2017

Positivity about jobs among all U.S. adults began to rise on a monthly basis in January 2017, reaching 54% in February 2017. By the end of 2017, it hit 62%…

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