Relative Optimism

This week begins with a little positive news about economic expectations: according to Gallup, 19 percent of Americans say that this is a “good time” to find a “quality” job, the highest since September 2008:

Of course, the larger lesson is that “good” is relative. Five years ago, before the economy collapsed in a horrible mess, 45 percent of Americans said that it was a good time to find a quality job. But the labor market is far worse than it was then, and at the moment, things are actually looking up if one in five Americans think that they could find a decent job in this environment.

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