Press Release

Weekly Pulse: Confidence in the Economy Softer Since the Election

First three weeks slightly lower than pre-election average

Washington, DC (November 28, 2018) – A majority of Americans think the economy is strong, but that could be edging down, according to the Job Creators Network/ Weekly Pulse, released today.

“This is the third week in a row that the rating came in below the pre-election average,” said pollster Scott Rasmussen. “It’s too soon to know whether this is a blip or a trend, but it’s something to watch over the next few weeks.”

Fifty-three (53) percent of Americans this week said the economy was excellent or good. That’s down from the high of 56 percent in mid-October and slightly below the previous 4-week average of 55 percent.

The better/worse data also slid this week. Thirty-five percent of Americans say the economy is getting better. That’s roughly five points lower than the pre-election average of 40 percent. Meanwhile, 25 percent of Americans say the economy is getting worse, a five-point increase from the pre-election average of 20 percent.

Perceptions of the economy deteriorated most among registered Republicans. This week, 21 percent of Republicans rated the economy as excellent. The pre-election average was 27 percent. Nearly 60 percent of Republicans say the economy is good, which is higher than the pre-election average.

“Republicans still think the economy is strong, but their view isn’t quite as rosy as it was before the election,” said Rasmussen.

Independents were also slightly less optimistic, according to the data, while Democrats’ perceptions remained consistent.

“This is a very strong economy and the data continues to reflect that,” said Elaine Parker, President of the Job Creators Foundation. “Americans are paying attention to what happens in Washington and political outcomes affect the way they see the economy. If Americans see gridlock in Washington, or if they think there’s a chance that taxes could go up, I think we’ll see these numbers change significantly.”