New jobs numbers out today show the U.S. unemployment rate has fallen for another month, now down to 4.1%.

It's only the latest in a string of positive news about the economy. Inflation is at a three year low, wages are up and the stock market routinely sets records, only to break them again.

Analysts agree that although the cost of living is higher than it was a few years ago, the U.S. has dodged a recession.

Yet, more than 75% of Americans are not happy with the current state of the economy. 

Over the past few years, news outlets have been covering something called 'vibecession.' That's when there is not a recession, but Americans feel otherwise.

"What we've seen consistently over the last few years is both consumers and firms being far more downbeat on the economy than the fundamentals seem to justify," said Michael Pearce, deputy chief U.S. economist for Oxford Economics.

The AP shows that in September, 254,000 jobs were added in September and unemployment dips to 4.1%.

Bankrate reported inflation is at 2.5%, the lowest we've seen since 2021. Analysts tell 21 news the gap between wage growth and inflation is closing and mortgage continue to lower.

"They've fallen a lot. You know last year they've peaked at about 8% and today they are close to 6 and a quarter percent. So you know over 1.5 percentage points of a decline over the past year plus. You know that's huge, but there's also these lingering supply shortages," said Sarah Foster, analyst for Bankrate.

Foster added house prices are staying high due to a short supply.

Although there have been some positive points in the economy, many Americans are still worried about its current state. According to Brett House, economics professor for Columbia Business school, that feeling is justified.

"Just because the economy hasn't landed in a recession doesn't mean that folks should necessarily feel great about it. We had a big increase in the cost of living on the order of about 20% over a few years," said House.

A lot of it comes down to which prices are higher. You buy food and gas everyday, so even if those prices aren't increasing the way they were, that doesn't mean they fall. Foster said you may want to be careful what you wish for.

"Something that Americans often ask us is when they will start to feel better about inflation, and you know last time prices declined 20% across the board was an instance like the great depression, so this is really not something we would say people should be hoping for," said Foster.

Just because the prices are high, does not mean inflation is continuing to increase.

"Prices have risen a long way. Now they aren’t rising at quite as fast of pace, but people still have in their mind, that memory that the price that they’re paying is still a lot higher than they were a few years ago," said Pearce.

Analysts agree that consumer confidence has started to increase over the past few months, likely spurred in part by a cut to interest rates.