#economic-sentiment

#economic-sentiment

Where it stands: Amazon's latest round of layoffs - 16,000 corporate jobs axed - is the latest piece of grim news for professionals who are growing antsy about the job market. An increasing share of Americans are either reporting that they expect to lose pay or have already lost pay, per Morning Consult's data. A separate report from The Conference Board on Tuesday also showed that people's perceptions about the job market - the so-called labor market differential - are continuing to flag.

Earnings-call word usage shows increased emphasis on growth in Q3 versus Q2, decreased mentions of tariffs and uncertainty, and slope of highlighted words represents change in usage between quarters.

President Trump has potentially never been less popular than he is right now, the day that 3rd quarter GDP blew by expectations at 4.3% growth, the strongest quarterly figure in two years. A recent Gallup poll taken from December 1st to the 15th pegged Trump at 36% approval, nearly his lowest Gallup figure ever, second only to a poll taken from January 4th to 15th in 2021 that had him at 34%.

Nearly one in four MAGA-supporting Republicans don't like tariffs. There's now a staggering 66-point gap between MAGA Republicans and other Republican Party voters on the state of the economy. Nearly half of non-MAGA Republicans think the economy has gotten worse this year, while the overwhelming majority of MAGA Republicans think the economy has improved. The survey first asked respondents their political party and then asked if they support the MAGA movement to differentiate between MAGA and non-MAGA Republicans.