How Important Is The Final Pre-Election Jobs Report?
The last jobs report before the election came in early October (we’ll get the next report on Friday). That final snapshot of the economy before voters head to the polls is important, but historically not the one with the strongest correlation to the results.
Instead, Americans seem to care most about how that last report looks compared to the report six months prior to the election. To put it simply: Americans appear to care more about getting better than doing well. But this time around, it’s more likely that the largest thing determining your outlook on the economy is the party you identify with.