Economics
The Good and the Bad of the U.S. Economy on Eve of Election Day
- Housing, consumer spending are most durable areas of economy
- Longer road ahead for labor market as jobs recovery moderates
Oct. 30: Which Industries Would Benefit From a Democratic Sweep?
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On the eve of the 2020 election, a U.S. economy that was walloped by a global health crisis in March is recovering, though it’s a ways from regaining full strength.
Trillions of dollars in fiscal support from lawmakers and ultra-low interest rates from Federal Reserve policy makers played a big role in its rejuvenation in past months. While some sectors, such as housing and retail, are flexing plenty of muscle, the number of Americans returning to work is moderating and some companies have announced new job cuts.