Later this week we’ll get another snapshot of the U.S. job market: the last unemployment report before next week’s presidential election.
Forecasters expect another sign of slow but steady job growth. Whoever is in the Oval Office next year will have to cope with a sluggish U.S. economy and confront some urgent policy decisions.
One thing to keep in mind about the economy by the next Inauguration Day: It will be nowhere near the disaster of four years ago. Back then, employers were laying off hundreds of thousands of workers a month. Banks were in danger of collapse. And economic output was shrinking at a rate of nearly 9 percent.
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