A survey, conducted from Oct. 1-19 with a random sample of 823 adults in all 50 states, discovered that 74% think it is a good time to find a quality job, while roughly the same percentage are dissatisfied with the way things in the nation are going.
According to Gallup, the new record number of those believing it is a good time to find better employment opportunities had remained constant since August when a prior record-setting 72% answered the same thing.
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The new numbers are much higher than previous polling, where those optimistic about seeking better work dropped from 68% in January 2020 to just 22% in April of that year as the COVID-19 pandemic lockdowns forced massive layoffs.
Comparatively, even throughout the pandemic, the numbers never reached the lows of 8% and 10% throughout and after the Great Recession in 2009-2011.
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Americans are wary of the faltering economy with supply chain and labor shortages, and the ripples caused by the pandemic. This led to a sharp rise in inflation, the U.S. Department of Labor reported 11.5 million workers quit their jobs from April to June.
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Inc. Magazine reported 74% of workers who responded to a LinkedIn poll announced they were "re-thinking" their employment picture after being at home or working remotely during the pandemic.
Others in the survey showed dissatisfaction, burnout, and fear of job loss after pandemic-related business shutdowns and slowdowns.
Even as the unemployment rate fell from double digits during the height of the pandemic to about 4.8% now, a 13-year record-high inflation rate is causing more and more Americans to place the economy and governmental policies at the top of their concerns.
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Although economic confidence rose from the -33 rating in April 2020 to a -1 in November 2020, and a +2 in April, it has steadily declined again throughout the summer to -25 in October, with 68% of those polled stating the economy is getting worse, according to the Gallup survey.
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The top reasons Americans blame for the eroding confidence in the economy are poor government leadership (21%) and COVID-19 (15%).
According to Gallup, the number of Americans citing any economic issue as the most important facing the country has not been this high since April 2017.
The survey has a margin of error of plus or minus seven percentage points.
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