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Survey: Americans dour on nation's economic health

New York Times survey says economic sentiment has reached its lowest level in two years.

New York Times survey says economic sentiment has reached its lowest level in two years.

Though recent reports indicate the economy may be showing signs of improvement, the effects don't appear to be rubbing off on a majority of Americans.

According to a New York Times/CBS News nationwide survey of 1,224 adults, 70 percent of respondents believe the country and the economy are headed in the wrong direction, a 13 percent jump in the past 30 days.

Earlier this month, the Labor Department reported that the unemployment rate had dropped and more than 200,000 jobs were created in the month of March, but that doesn't appear to have affected sentiment, as the poll found a mere 23 percent believe the economy is getting better.

Housing industry analysts have said in the past that the economy's success is largely tied to the health of the real estate sector. Recent reports have shown mixed signals as to whether it's moving in the right direction, however. A RE/MAX survey recently found that home sales increased double digits in the majority of metropolitan areas last month, but findings from Fannie Mae's Economic Outlook indicated that rising oil prices have affected demand.