The state of the economy will affect voters’ decision making in November and also provide talking points for both parties’ presidential candidates on the stump.
Economist Michael Strain at the American Enterprise Institute said that a midsummer snapshot shows a pretty healthy U.S. economy.
“For July 2016, I think you’d have a very good grade,” said Strain. “The last jobs report was extremely good. The unemployment rate is quite low. Stock prices are looking good.”
And consumers appear confident, as their spending has been very strong in recent months.