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Bloggers' outlook for economy? Glum.

A survey of economic bloggers reveals pessimism about the economy. The number of respondents predicting job growth fell by 20 percent in a quarter.

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John Raoux / AP
Workers seeking employment create resumes and look for open positions at a job fair for space workers and those workers that lost jobs due to the end of the space shuttle program in Cape Canaveral, Fla., on July 26, 2011. A survey of economics bloggers shows widespread pessimism about job growth.
  • By Jeff Cornwall Guest blogger

I am part of a large group of bloggers loosely organized by the Kauffman Foundation. We come from a very wide range of perspectives and world views. What we share is that we write about the economy in our blogs.

Each quarter they survey us to get a read on our current outlook on all things related to the economy.
This quarter our collective mood as turned, well, rather glum.

Only 50 percent of respondents anticipate employment growth, a decrease of 20 percent from second quarter.

Fully 95 percent of respondents view current economic conditions as "mixed" or "facing recession," an increase of 10 percent from second quarter.
A third predict a double-dip recession during 2012.

"Uncertain" is once again the top adjective economics bloggers use to describe the economy, and respondents shared expectations of higher annual deficits and an increase in the top marginal tax rate.

You can read more about the survey here.

Add/view comments on this post.

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