Public pessimism on the economy hits a new high, CNBC survey shows

April 18, 2023

Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic Survey. A record 69% of the public holds negative views about the economy both now and in the future, the highest percentage in the survey's 17-year history. The fallout from these negative views is hitting President Joe Biden's approval rating. His overall rating fell by 2 percentage points to 39% and his disapproval rating rose by a point to 55% compared to the November survey. Despite the negative views on the economy, 63% of employed Americans are not worried about losing jobs, up 5 points from November.