What does economic data reveal about the November election? | 538 Politics Podcast

Published: Sep 09, 2024 Duration: 00:02:14 Category: News & Politics

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Jeffrey do you think that this jobs report or any other economic data that is going to come out between now and election day is going to matter uh to who ends up winning in November I think it could matter very narrowly at the margins I think the the okay so the whole idea of like the jobs report being like an event was was silly uh because the way voters take in economic information and the way they feel about the economy is is not like a rapid process unless you have some sort of you know incredibly huge event in the economy like I don't know Layman Brothers collapsing and like the economy falling apart in you know 2008 for example but it has to be something pretty drastic for that to matter at that point you've already got a lot more going on there that's going to be problematic for the party that's in power I think in a in an otherwise not crazed economic environment if you will uh voters have slowly like they have sentiments about how things are going they tend to care more about the national picture than their own personal financial not to say that they're personal doesn't matter at all but they tend to think more about the national picture uh when it comes to their voting uh it's called sociotropic voting and I I think the the issue for Harris and maybe the good news for Trump is that I think at this point it's September the elections in less than two months economic views are pretty baked in um so it would take something pretty drastic I think for for there to be a dramatic shift and I think the hope for Harris is that things just kind of marginally get better they've ticked up a bit over the last couple years like economic sentiment but not drastically and still well below where it was preo of course uh so I think it it's really kind of a it I mean like a football analogy here it's like three yards in the cloud of dust kind of uh but which direction and I think for the Harris campaign their best hope is that it's in their Direction slightly while the Trump campaign is is probably going to have this as an advantage going into the election regardless at this point scan this QR code to go to the apple and Spotify podcast apps to download the full 538 politics podcast

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