CBS News: 61 Percent Of Americans Believe Economy Is In Bad Shape

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Traders work on the floor of the New York Stock Exchange on Dec. 6, 2013 in New York City. (credit: Spencer Platt/Getty Images)

Traders work on the floor of the New York Stock Exchange on Dec. 6, 2013 in New York City. (credit: Spencer Platt/Getty Images)

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WASHINGTON (CBS DC/AP) — A new CBS News poll finds that a majority of Americans don’t think the economy is getting any better.

The poll reveals that 61 percent of Americans believe the economy is in bad shape, while only 37 percent feel the economy is good.

President Barack Obama is getting the blame with those polled. Fifty-eight percent disapprove of how Obama has been handling the economy. Only 37 percent of those polled approve of Obama’s handling.

Economic numbers have been trending upwards though. Last month, the unemployment rate dropped to 7 percent, a 5-year-low as employers created 203,000 jobs and the stock market and home purchases are up.

Republican pollster Wes Anderson tells The Associated Press that opinions about the economy typically lag behind signs of improvement.

“If the trend line continues you have to assume that has to catch,” Anderson told the AP. “If that’s the case, people will feel better about the economy some time next summer.”

The CBS News poll does show that the public’s economic outlook is negative. Only 27 percent of those polled believe the economy is getting better as 30 percent feel it’s getting worse. Another 42 percent feel the economy is staying the same.

The poll was conducted between Dec. 5-8 among 1,000 American adults.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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