When looking to see where our economic prospects lie, an interesting thing to look at is polling. Gallup.com polls daily on several different economic indicators incluing job prospects, consumer confidence and others. You can check them all out at Gallup but there’s some things we wanted to make note of.

The job market has been relatively stable since a substantial run up from March to May. Interestingly though, it did not have a similar run up during the July bullish run. At the moment the percent hiring remains relatively flat at around 25 percent, but I believe as consumer spending increases as a result of the higher indexes, the job market will see another run up.

The question about whether our economy is getting better or worse saw some of it’s best numbers last week but saw a slight decline after the down days early this week. This is the best metric of consumer confidence provided by Gallup and has shown a strong cycle since March matched with a huge decline in those seeing our prospects as “poor”.

Consumer spending is quite erratic and has because it’s based on 3 day and 7 day averages over at Gallup but adding a 20 day MA to the numbers shows a slight increase. It’s still far less than would be expected after these 2 consecutive bullish runs so expect more increases there.