President Biden and Democrats, plagued by inflation, will head into next week’s midterm elections touting millions of jobs added since the 2020 cycle and unemployment at historic lows.
The economy added 261,000 jobs in October, the Labor Department said Friday in the final major economic report before Tuesday’s elections. The economy is the issue weighing most heavily on voters, and while inflation remains red-hot, the report is at least one bit of good news that Democrats can raise when discussing the economy on the final stretch of the campaign trail.
“The workforce is shrinking, job growth is slowing, and unemployment is rising — these are all signs of a Biden-induced recession,” said Rep. Kevin Brady after the Friday report. “While Democrats promise more of the same inflationary policies, Republicans are committed to building an economy that is strong, where more families can achieve the American Dream.”
Patrick Gourley, an associate professor of economics at the University of New Haven, told the Washington Examiner that media interpretations of the report, and how it fits into the broader economic picture, will be a major factor in whether Democrats will be successful in using the latest employment numbers to their advantage.
The reasons why inflation is overshadowing the red-hot job market and low unemployment in the minds of voters are twofold, according to Gourley.
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