IBD Poll: Economic Outlook Rises On Jobs Hopes

By Ed Carson   
Tue., Jan. 12, ’10    10:00 AM ET

The IBD/TIPP Economic Optimism Index rose 2 points in January to 48.8, the first gain in four months but the sub-50 reading still indicates pessimism. Yet the six-month outlook gauge shot up 5.1 points to 51.8, the first upbeat reading since September.

“The defining thing is going to be jobs, jobs, jobs. There is no shying away from that,” said Raghavan Mayur, president of TIPP, a unit of TechnoMetrica Market Intelligence, IBD’s polling partner. “We have a new year and people are hoping that the economy will continue to go, and they’ve also been told to wait for mid-2010 for the jobs to come.”

Read more: IBD


January 12, 2010 - Posted by | Uncategorized | ,

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