The U.S. economy is still strong, but upcoming payroll figures may be impacted by hurricanes and a nationwide strike. The final pre-election jobs report is expected to show the effects of hurricanes Helene and Milton, as well as a strike among Boeing workers. Analysts warn that the impact of hurricanes on jobs reports can vary, and initial jobless claims in hurricane-affected states have already increased. Layoffs from the Boeing strike may further complicate the jobs picture. However, state unemployment data released by the Bureau of Labor Statistics for September shows that jobless rates in swing states like Arizona and Wisconsin have remained low or even declined. Pennsylvania, a crucial state in the Electoral College, has also seen low unemployment rates. Despite some increases in unemployment rates in Georgia and North Carolina before the storms hit, they are still at or below pre-pandemic levels. The impact of these economic factors on the upcoming election is uncertain, as persuadable voters are concerned about economic issues and may be influenced by the latest jobs report. The results of the vote to end the Boeing strike will also have an impact on the labor market.
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Anticipated Impact of Events on the Economy
