- 55% of the respondents believe the economy is shrinking and 56% say the U.S. is experiencing a recession. Fact. The broadest measure of the economy – the Gross Domestic Product (GDP) – increased 3.4% in the fourth quarter of 2023 and 1.6% in the first quarter of 2024.
- Approximately half (49%) believe the stock market is down for the year. Fact. The S&P is above 5,300 and up more than 12% as of today and rose 24% a year ago.
- Nearly 1-in-2 (49%) believe that unemployment is at a 50-year high. Fact. The U.S. unemployment rate has been near a 50-year-low at 3.9%.
A Majority of Americans Believe U.S. Is In Recession and Unemployment Is At 50-Year High. They're Wrong
Polls are snapshots in time. But what if that picture is fuzzy and out-of-focus?
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