The U.S. Presidential election is just 73 days away, and the state of the U.S. economy will be a big factor in how the vote goes down — especially in Senate and Congressional races.
For more details, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on August 26.
- While we are near full employment nationally, noticeable unemployment increases have occurred in Wyoming, Pennsylvania, Oklahoma, Iowa, North Datota, and Utah.
- In contrast, states like California, Oregon, Michigan, and most of the Southern states have seen further declines in unemployment rates in the past year.
- Many of the Great Plains states to Texas and Louisiana are not experiencing the income gains benefiting much of the coasts and Southern states.
- Steep declines in energy and agricultural prices — and a strong dollar and weak growth from abroad — are now hurting income growth in the nation’s midsection in a measurable way.
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