the staff of the Ridgewood blog
Ridgewood NJ, Economic confidence rose to 96.9 in this month’s Rasmussen Reports Economic Index, less than one point higher than October, which was the lowest index level since May 2020.
Enthusiasm about the economy surged under former President Donald Trump, reaching as high as 147.8 in January 2020 before tumbling after the coronavirus lockdown threw Americans out of work and closed many businesses. By November 2020, it had recovered to 126.4, but dropped sharply in the three months after President Joe Biden was elected. The index fell to 97.8 in February before beginning a three-month rebound that took the index to 123.7 in May, followed by a five-month streak of declines.