Chart of the Day: Hooray for the Economy!

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Yesterday featured several gloomy posts—strictly a coincidence, I assure you—so today here’s some good news. Matt Yglesias passes along the word that for the first time since the Great Recession, Gallup’s Economic Confidence Index broke into positive territory this week. Here’s Gallup’s explanation for the steady rise since mid-September:

While various factors likely contribute to the rise in economic confidence, the weekly average price of gas in the U.S. began to fall precipitously in the late summer and, over the last four months, the price has fallen by nearly 30% — an economic boon to most Americans. In fact, for the week of Dec. 22, the average price of gasoline was as low as it has been since the first half of 2009. Additionally, the U.S. stock market rose in December to its highest levels in history while Gallup’s unemployment rate fell to the lowest since its daily tracking began in January 2008.

So there you have it. A little late to help Democrats in the November midterms, but not too late for 2016.

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In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

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