Economy Takes Center Stage in US Presidential Election #

The economy has consistently ranked among the top voter issues in presidential elections. In a recent poll, close to 90% of respondents indicated that the economy is the most important issue in determining their vote. Thursday night’s debate between President Joe Biden and former President Donald Trump is expected to focus heavily on the economy.

Here is a summary of the current state of the US economy:

Unemployment: The unemployment rate recently rose to 4% from its long streak below 4%. Job seekers, especially recent college graduates, may find it harder to get hired.

Inflation: Inflation has slowed down to 3.3% from previous levels, but prices are still high. While some discounts have appeared in certain sectors, overall prices have not decreased.

Housing: Home prices have reached a record high due to housing shortages. Mortgage rates have started to fall but are still higher than in previous years, discouraging potential homebuyers.

These key points provide an idea of the state of the economy ahead of the election.