US public sees U rise as unlikely

Doug Henwood dhenwood at panix.com
Sun Jun 11 16:31:56 PDT 2000


[Hmm, Alan G may have to tighten further; the masses are too confident, or at least the more upscale masses.]

Friday June 9 4:11 PM ET

Most Feel Nation's Employment Level Is Secure

UTICA, N.Y. (Reuters/Zogby) - Most people are not expecting a substantial climb in unemployment, according to a recent Zogby/Reuters US Poll.

More than half (55.3%) of respondents felt such a rise is not likely to occur over the next four years. Conversely, 39.9% of respondents did not rule this out as unlikely.

Although most agreed that a substantial rise in unemployment is unlikely, when broken down, there were some aberrations.

This is evident in the income category, where 61% of those respondents with a combined household income of less than $15,000 believe a major rise in unemployment is likely. In the $15-24,999 income range, 48.4% responded similarly.

At the other side of the income spectrum, 64.1% of respondents in the $50-74,999 range and 63.2% of respondents with an income of $75,000 or more see a substantial rise over the next four years as improbable.

The race category also showed some disparities, where 56.6% of African-American respondents felt a substantial rise in unemployment over the next four years is likely. Only 37.4% of Hispanic respondents and 37.8% of white respondents answered this way.

What we asked:

``What is the likelihood that unemployment will rise over the next four years?''



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