The US labor market data is great. What does it mean for this year’s midterms?
Alex Brill | AEIdeas
Tomorrow, the American public will get a fresh glimpse at the state of the US labor market. The Bureau of Labor Statistics’ (BLS) release of the September employment report, which will be the next-to-last before the upcoming election, will provide voters new insight on job growth and unemployment rates. Numerous academic studies have found evidence that these and other economic measures are effective at predicting voters’ preferences for incumbent lawmakers, which should be of keen interest to anyone curious about the outcome of the upcoming election.