The politically triggered lockdown to combat the pandemic caused 22 million people to lose their jobs abruptly in spring. The subsequent easing of restrictions during the summer months brought back a large part of these jobs, but by no means all of them. The recovery in the USA is clearly losing momentum. Employment growth is slowing down.
The state of the economy is rightly considered the most important factor influencing the re-election or de-election of an American president. Voters* tend to blame the leader in the Oval Office for their personal situation in the labor market and the economic situation in general. The power of the incumbent president during and after his corona illness cannot hide the fact that neither he nor the Republican leadership has a concept for shaping the future.