Us Election Year Economy

President trump has thrust the economy toward the center of his re election pitch and key economic datapoints on the surface couldn t be better for him.

Us election year economy. Trump will also point out that the unemployment rate in the us hit a 50 year low of 3 5 during his administration. Lastly the federal reserve the fed in every year has a dramatic effect on stocks bonds and the economy based on its monetary policy and yes this includes a presidential election year. Trump s election year economy will be much worse than he promised economists say by anneken tappe cnn business updated 1206 gmt 2006 hkt october 7 2019.

The dow jones industrial average djia and the s p 500 have both been known to generate returns that are below average in presidential election years. Compared to potential growth election years outperform by 0 4 see chart a below. And he ll tell blacks that their unemployment rate dropped all the way to 5 5.

A year from now the us will elect its next president. The latest jobs report on friday saw. The stakes are high and the outcome will reverberate across the world in a number of spheres not least the economy.

But in cyclical terms the economy is the strongest it has been in an election year or really any year since 2000. Data from 1948 until today show that the us economy tends to perform better in election years. Not a lot better but clearly better.

Pete buttigieg rounds out the top four at 7 8. Gdp growth is on average 0 3 higher than in non election years. It has bernie sanders at 19 3 and elizabeth warren close behind at 18 5.

However the last two years of the carter administration saw the economy grow at a paltry 1 47 per annum. Yet thus far most. And president trump will surely not be shy about telling people that.