Why these economic indicators could spell trouble for Donald Trump?
Kamala Harris has led almost all opinion polls since Joe Biden sidestepped and endorsed her for the US Presidential Election 2024. If media reports are to be believed, it was largely due to the enthusiasm she has created among the US voters. But economic indicators are now being discussed, Donald Trump has targeted the vice president for rising unemployment and she has declared to ban food price hikes if elected. So, will the economic factors help the presumptive Democratic candidate? Or will the Republican candidate be able to upset her winning equation by taking the rants of «America First» and «Make America Great Again» (MAGA) to a new height?
Economic Factors
Talking to 'MarketWatch', Justin Begley, an economist at Moody’s Analytics, said that economic factors like changes in household incomes, mortgage rates and consumer confidence would play more important roles than political factors. The outlet has also reported that household income, adjusted for inflation may favor Kamala Harris. It has been found that inflation-adjusted incomes have gone up in the states of Georgia, North Carolina, Nevada, Michigan, Pennsylvania and Wisconsin. Arizona is the only state to have witnessed a decline in real incomes last quarter.
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Low unemployment rates in swing states
Similarly, unemployment is the other economic factor below the national average of 4.3% in each swing state. Nevada is an exception with a 5.2%
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