{"id":19743,"date":"2009-04-21T00:00:01","date_gmt":"2009-04-21T05:00:01","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/short-reads\/%year%\/%monthnum%\/%day%\/econ-101\/"},"modified":"2024-04-14T03:45:20","modified_gmt":"2024-04-14T08:45:20","slug":"econ-101","status":"publish","type":"short-read","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/short-reads\/2009\/04\/21\/econ-101\/","title":{"rendered":"Econ 101"},"content":{"rendered":"

A survey quiz of Americans on their knowledge of economic and political news finds more Americans know the current unemployment rate (53% correct) than the current level of the Dow Jones Industrial Average (40% correct). In both cases, when respondents answered incorrectly they were far more likely to be overly negative than overly positive. Among the 47% who did not know the unemployment rate was around 8% (the survey was conducted in March), 24% said the rate was closer to 12%, and another 18% thought it closer to 16%. Only 3% of Americans thought the unemployment rate was significantly lower than its actual level. Among those who did not know the Dow was around 8,000, roughly a third of Americans (34%) said it was either closer to 3,000 (20%) or 5,000 (14%), while just 4% estimated it at 11,000. Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

More Americans know the unemployment rate than the level of the 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