NPR

The Economy May Be Losing Its Impact On Presidential Elections

Conventional wisdom (and some logic) says that a bad economy will hurt President Trump in November. But growing polarization may be severing the tie between economic health and voters' choices.
President Trump speaks as Treasury Secretary Steven Mnuchin (right) and Larry Kudlow, director of the National Economic Council, listen during a news briefing on July 2.

Here's one way of understanding just how far off the map the U.S. economy is right now: The U.S. has now had two straight months where it has added more jobs than it did in all of 2019.

And still, the job market has not even halfway recovered from the devastation of the coronavirus — the nation is still nearly 15 million jobs below where it was before the pandemic. Not only that, but with new spikes of coronavirus cases, there's a good chance that more job losses are to come.

Against this bleak backdrop, the presidential campaigns are making their economic cases in dueling events on Thursday. Vice President Pence is doing a roundtable on the economy

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