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U.S. Consumer Spending in December Highest in Four Years
Americans' self-reported daily spending was $83 per day in December, up from $73 in November and the highest monthly average Gallup has reported since December 2008. Spending was up among higher- and lower-income Americans.
U.S. Small-Business Owners' Hiring Intentions Plunge
U.S. small-business owners' net hiring intentions for the next 12 months plunged to -4 in November, matching the lowest level recorded by the Wells Fargo/Gallup Small Business Index. The previous low was also -4 in November 2008.
U.S. Job Creation Remains Relatively Positive in November
Net hiring in the U.S. averaged +18 in November, similar to the range seen since July. Despite this broad stability, private-sector employment has waned, while state and local government hiring has picked up.
Before COVID-19, 66% Across Africa Lacked Money for Food
Before the COVID-19 pandemic, a record two in three adults in sub-Saharan Africa reported not having enough money for food in the past year, marking the seventh consecutive year of increases on this measure.
U.S. Small-Business Owners Pessimistic Post-Election
U.S. small-business owners are pessimistic post-election, with the Wells Fargo/Gallup Small Business Index plunging to -11 in November from 17 in July. Owners' optimism about business conditions in the year ahead has decreased the most.
Americans See Best Job Climate Since the Financial Crisis
One in four Americans (24%) say it is a good time to find a quality job, up sharply from 8% a year ago to the most positive perceptions since March 2008. Recent improvements coincide with upticks in economic confidence and job creation.
Thanksgiving Week Spending in U.S. Down From a Year Ago
Despite all the hype, self-reported U.S. consumer spending averaged $67 per day in the week ending Nov. 25, down from $83 a year ago. Daily spending over the three-day Black Friday weekend averaged $84, compared with $103 a year ago.
Congress Approval at 18%, Stuck in Long-Term Low Streak
Americans' approval of the job Congress is doing fell to 18% in November, after an October spike to 21%. While improved over the record-low 10% readings from earlier this year, approval remains low from a long-term perspective.
Petraeus' Image Takes Hit, Still More Positive Than Negative
Former CIA Director and retired Gen. David Petraeus' image has taken a hit amid recent scandal, but still more Americans view him favorably (40%) than unfavorably (30%). The majority, though, believes it was necessary he resign.
Americans Still Think Obama Will Seek Bipartisan Solutions
Most Americans, 65%, believe President Obama will earnestly try to work with the Republicans in Congress to solve the nation's problems, though this is down from 2008. Less than half, 48%, believe the Republicans will respond in kind.