Americans Feel Better About the Job Market

NEW YORK, March 28, 2012 /PRNewswire/ -- Over the past several months President Obama's overall job ratings have been alternately holding steady and inching upward.  His ratings on the economy are following suit. This month 32% of Americans give President Obama positive ratings on his handling of the economy while 68% give him negative marks. This is the same as last month, and an improvement from the 25% and 75% who rated him positively and negatively respectively in December and January.

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These are some of the results of The Harris Poll of 2,451 adults surveyed online between March 12 and 19, 2012 by Harris Interactive.

While there is still a concern about unemployment, more Americans say the job market in their region of the country is good (20%) than have said so since July of 2008, when 30% called the job market good.  Over the past three and a half years The Harris Poll has regularly asked Americans about the job market in their region of the country.  An average of 11% have called it good between July 2008 and January 2012, however the last few months have seen a steady rise from the 9% who said the job market was good in October, to the 14% who said so in January and now the 20% reporting these feelings in March.  Although the numbers are improving, a majority still says that the job market in their region is bad (56%) while 24% say it is neither good nor bad.

The improvements in the job market are encouraging, as is the belief that the job market is growing.  Currently one third (33%) of Americans believe the job market in their region is going to be better over the next six months while half (50%) say it will remain the same.  Only 17% think it will be worse, which is lower than the 25% who said this in July 2011 and the 21% who said so in January.

Politics and the Economy

In an election year, it's not surprising that the economy and job market are considered political issues, and it is also not a surprise that opinions differ between Republicans, Democrats and Independents.  Currently over half of Democrats (59%) and Liberals (55%) give President Obama positive ratings on his handling of the economy while only 12% of Conservatives and 6% of Republicans do; Independents (26%) and Moderates (35%) fall somewhere in the middle.  Possibly showing more faith in the current administration, almost half of Democrats say that the job market will be better in the next six months (47%) — one third (33%) of Independents agree — yet only 18% of Republicans say the same.  A majority of Republicans think the job market will remain the same (55%) and over a quarter say it will get worse (27%).

The Cost of Living

Despite improvements in how Americans view the job market and expect it to change over the next six months, a majority are still concerned that their family's income will not be enough to cover all of their costs and expenses this year.  Currently 63% of Americans say they are concerned, with 26% very concerned.  This is not very different from the 62%-65% who stated concern over the past two years.  Not surprisingly, the higher a person's household income, the less likely they are to be concerned about covering their costs and expenses.  However, it is somewhat alarming that large numbers of people even in the highest income brackets — 61% of those who earn $75,000 to $99,999 and 41% of those who earn $100,000 or more — say they are concerned about meeting their costs and expenses.  And, despite their differing opinions on President Obama's role in the economy and the outlook for the job market, when Democrats and Republicans were asked about their own financial concerns the story is the same: over six in ten Democrats (61%), Republicans (63%) and Independents (65%) say they are concerned that their family's income will not be enough to cover all of their costs and expenses this year.

So What?

The economy and unemployment have been the focus for political initiatives and public discontent for some time.  However, there are some possible green shoots, in that Americans overall are feeling better about the job market and President Obama's handling of the economy than they have indicated for many months.  However, the large number of Americans communicating concern about covering their family's expenses is disconcerting and indicates that while we may be moving in the right direction, the country still has a way to go on the road to full economic recovery.  It will be interesting to see how these issues and concerns are addressed by President Obama and his Republican opponent in the upcoming presidential election.

TABLE 1
PRESIDENT OBAMA'S JOB RATING ON THE ECONOMY - TREND
"Now, turning to something different, how would you rate the overall job that President Barack Obama is doing on the economy?"

Base: All adults

Note: Percentages may not add up exactly to 100% due to rounding; *In February "Not at all sure" was offered as a response choice and 4% responded in that way.

TABLE 2
PRESIDENT OBAMA'S JOB RATING ON THE ECONOMY – BY POLITICAL PARTY
"Now, turning to something different, how would you rate the overall job that President Barack Obama is doing on the economy?"

Base: All adults

Note: Percentages may not add up exactly to 100% due to rounding.

TABLE 3
RATING OF CURRENT JOB MARKET - TREND
"How would you rate the current job market of your region of the nation?"

Base:  All adults

Note: Percentages may not add to 100% due to rounding

TABLE 4
RATING OF CURRENT JOB MARKET IN YOUR REGION – BY REGION
"How would you rate the current job market of your region of the nation?"

Base:  All adults

Note: Percentages may not add to 100% due to rounding; * indicates less than .05%

TABLE 5
EXPECTATIONS FOR JOB MARKET IN SIX MONTHS – TREND
"How do you think that the job market in your region of the nation will change over the next 6 months?"

Base:  All adults

Note: Percentages may not add to 100% due to rounding

TABLE 6
EXPECTATIONS FOR JOB MARKET IN SIX MONTHS – BY POLITICAL PARTY
"How do you think that the job market in your region of the nation will change over the next 6 months?"

Base:  All adults

Note: Percentages may not add to 100% due to rounding

TABLE 7
COCERNED ABOUT NOT HAVING ENOUGH INCOME
"How concerned are you that your family's income will not be enough to cover all your costs and expenses this year?"

Base: All adults

Note: Percentages may not add up exactly to 100% due to rounding.

Methodology

This Harris Poll was conducted online within the United States between March 12 and 19, 2012 among 2,451 adults (aged 18 and over). Figures for age, sex, race/ethnicity, education, region and household income were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was also used to adjust for respondents' propensity to be online.

All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, Harris Interactive avoids the words "margin of error" as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.

Respondents for this survey were selected from among those who have agreed to participate in Harris Interactive surveys. The data have been weighted to reflect the composition of the adult population. Because the sample is based on those who agreed to participate in the Harris Interactive panel, no estimates of theoretical sampling error can be calculated.

These statements conform to the principles of disclosure of the National Council on Public Polls.

The results of this Harris Poll may not be used in advertising, marketing or promotion without the prior written permission of Harris Interactive.

J41436
Q705, 720, 725, 730

The Harris Poll^® #35, March 28, 2012
By Samantha Braverman, Sr. Project Researcher, Harris Interactive

About Harris Interactive

Harris Interactive is one of the world's leading custom market research firms, leveraging research, technology, and business acumen to transform relevant insight into actionable foresight. Known widely for the Harris Poll and for pioneering innovative research methodologies, Harris offers expertise in a wide range of industries including healthcare, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer package goods. Serving clients in over 215 countries and territories through our North American and European offices and a network of independent market research firms, Harris specializes in delivering research solutions that help us – and our clients – stay ahead of what's next. For more information, please visit www.harrisinteractive.com.

Press Contact:

Corporate Communications
Harris Interactive
212-539-9600
[email protected]

SOURCE Harris Interactive

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