Americans Not Terribly Worried About Jobs Report

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By Douglas A. McIntyre Published
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The jobs report last Friday, which covered unemployment in the United States, showed that the economy only added 69,000 jobs. The number was below almost all expectations and was front page news on every major newspaper and at every major news site.

It turns out that many Americans took the news with a shrug. They felt that the reports were barely important, according to new data from Gallup.

In a new poll, the large research firm found:

Despite extensive news coverage of what was widely portrayed as a disappointing government jobs report last Friday, Americans are about as likely to describe it as “mixed” (40%) as to say it is “negative” (42%), with a small minority characterizing it as “positive” (9%). But Americans who view the report as negative are more likely to say it was somewhat negative rather than very negative.

Either many Americans are blind, or they still believe that there are better days ahead, that the May numbers were a bump and not part of a long-term trend.

Why would many Americans brush the report aside? It may be that they have become so used to high unemployment, low housing prices and no action by the federal government to take a hand in improving the economy that they look at the current situation as a long-term status quo. That is something of a loss of hope, but also a dose of reality.

Methodology: Results for this Gallup poll are based on telephone interviews conducted June 5, 2012, on the Gallup Daily tracking survey, with a random sample of 1,007 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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