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Photo: Alex Wong/Getty Images

Americans' satisfaction with how things are going in the U.S. has plunged 32 points to 13% since reaching a 15-year high in February, per Gallup polling released Tuesday.

Why it matters: The result, which marks a nine-year low for the metric, comes amid mass unemployment, civil unrest and the nation's coronavirus surge — and as President Trump tries to win another term in November.

  • The all-time low for American satisfaction was in October 2008 during the depths of the Great Recession (7%). Gallup has tracked the metric since 1979.

Between the lines: Republicans are leading the fallout, but they don't blame Trump.

  • Republicans' satisfaction in the poll hit 20% — down from 39% a month ago. The prior low for Republicans during the Trump administration was 38%.
  • However, Trump's approval rating remains at 91% among members of his party.

Yes, but: Independents, a key 2020 demographic, show falling satisfaction with both the state of the nation and Trump himself.

Methodology: The Gallup poll was conducted from July 1 through July 23 and is based on interviews with a random sample of 1,007 adults. The margin of error is +/- 4.

Go deeper

Dion Rabouin, author of Markets
Oct 28, 2020 - Economy & Business

Stocks remain at historically high valuations

Data: FactSet; Chart: Danielle Alberti/Axios

The latest mini-selloff in U.S. equities sent the S&P 500's price-to-earnings ratio to a recent low of 21.1, but the metric remains highly elevated by historical standards — above the five-year average (17.3) and above the 10-year average (15.5), per FactSet.

By the numbers: "There has been a lot of volatility in the forward P/E ratio this year, falling as low as 13.1 on March 23," FactSet senior earnings analyst John Butters tells Axios in an email. "However, the forward 12-month P/E ratio has been above 20.0 pretty consistently since May, peaking at 23.4 on September 2. Prior to this year, the last time the forward 12-month P/E ratio was at or above 20.0 was April 10, 2002."

1 hour ago - World

Army to award Purple Hearts to troops injured in Iran missile attack

Damage at Ain al-Asad military airbase housing U.S. and other foreign troops in the western Iraqi province of Anbar in January 2020. Photo: Ayman Henna/AFP via Getty Images

The Army has approved 39 more Purple Hearts for U.S. soldiers wounded in an Iranian military ballistic missile attack on an Iraq base in January 2020, the Army Times first reported Wednesday.

Why it matters: Most of these soldiers sustained brain injuries, per the Army Times. Then-President Trump dismissed their injuries at the time as "headaches" and "not very serious," sparking backlash from some veterans groups.

Scoop: U.S. begins denying Afghan immigrants

Afghan refugees on a bus bound for temporary housing after arriving in Greece. Photo: Byron Smith/Getty Images

The Biden administration has begun issuing denials to Afghans seeking to emigrate to the United States through the humanitarian parole process, after a system that typically processes 2,000 applications annually has been flooded with more than 30,000.

Why it matters: Afghans face steeper odds and longer processes for escaping to the U.S., despite the earlier sweeping efforts by the Biden administration to assist its allies. Immigration lawyers and advocacy groups say the government has set untenable barriers to a safe haven in the U.S.