With the current problem of the unemployment rate of the country that has not been solved and the inflation running at the fastest pace, based on the recently conducted poll, two-thirds of Americans believe that the American economy is getting worse instead of becoming better based on the report of The Daily Courier.
The American Economy is now faced with plenty of concerns.
As of June 2022, the unemployment rate was not changed at all based on the previous year, with a rate of 3.6%
Another concern that the American economy had is the inflation rate which was running at the fastest pace in four decades.
Federal Reserve Chairman Jerome Powell warned that this high inflation rate would bring “pain” to the American economy.
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The Result Of The Poll
While many Americans believe in President Biden with his “Bidenomics”, based on a recently conducted poll, two-thirds of the Americans were thinking that the American economy is getting worse and not better.
They even disapproved of the way how the president handled the American economy.
The recession of the nation, while still in the process of materializing, seemed to cause a risk. The gas prices holding up to $3.50 per gallon was just an example.
These were just obvious events that could make Americans conclude that the American economy was indeed getting worse.
These events came just as Americans were getting ready to choose the next president in the upcoming election.