Sixty-nine might be something that a lot of people are very proud of, but not in this context:
That's the percentage of Americans who think that Joe Biden's economy is "fairly bad" or
That's not just Republicans, either.
It includes Republicans, yes. But also in the poll are independents and Democrats as well.
The same poll found out that America's top concern by far heading into midterms is the 40-year-high on inflation that Joe Biden has caused.
Almost 30% said they were most worried about inflation, with no other issue being even close. Not a single other issue even accumulated double-digit votes.
While nearly 70% think the economy is failing, just 3% say it is currently very good.
August's job report could have been one of the reasons for the survey figures coming out the way they did:
Economists had expected the economy to add 318,000 jobs and the unemployment rate to hold steady at 3.5 percent. The range of forecasts by economists surveyed by Econoday was between a gain on payrolls of 200,000 to 390,000. On unemployment, the range of forecasts was for 3.4 percent to 3.6 percent.
The prior month’s report was stunningly high at 528,000, nearly double what economists had forecast and unemployment fell from 3.6 percent to 3.5 percent. This was revised down slightly to 526,000. The June report was revised down by 105,000 jobs to 293,000.
On average, the economy has added around 471,000 jobs per month in 2022, an extremely high rate of payroll building. The Labor Department’s Job Opening and Labor Turnover Survey showed that there were 11.239 million job openings at the end of July, nearly two for every unemployed person.
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