The jobs market is showing signs of weakening and could deteriorate further. Inflation could stay stubbornly high or break and offer relief. The election is on November 8, which means fresh economic data could continue to sway voters in the weeks ahead. If the Democrats lose control of both houses, Biden would face serious policy gridlock over the next two years. “The Russia-Ukraine war is just putting an additional level of pressure on top of the pandemic issues policymakers were already dealing with,” Cristian deRitis, the leading economist at the New York research firm Moody’s, told Al Jazeera.īiden’s Democratic Party wants to keep control of the US Senate and House of Representatives out of the hands of the Republican Party. Two and a half years later, the list of challenges seems to only grow. COVID-19 ushered in a slew of disruptions, including supply chain crunches and unforeseen changes in consumer behaviour. But barely three in 10 Americans approve of President Joe Biden’s handling of the recent jump in the cost of living, the survey found.Īt the onset of the pandemic in 2020, the US government began injecting trillions of dollars in stimulus and aid into the economy. While there are plenty of hot button issues, including abortion, climate change, crime and immigration, American voters this year are also dealing with the highest inflation rate in decades, a plummeting stock market and talks of an impending recession.Īccording to a recent Monmouth University poll, 82 percent of Americans consider inflation to be an “extremely or very essential issue” for the federal government to handle. Retrieved September 7, 2022.The state of the economy will outweigh other issues for American voters when they head to the polls next month to decide which party controls the United States Congress, economists have told Al Jazeera.
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Thomas La Fontaine Olson, an author, advocate and 2020 U.S.
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