Another month, another disappointing jobs report. Following the same patterns as last year, employment gains over the summer are falling far short of what appeared to be momentum building in the winter. The gain of 80k jobs in June is just enough to keep treading water, enough to absorb the net increase in the workforce as Millenials graduate in June and set out to make their own way in the world.
Given that politics, economics, and any other social arrangements we can think of are tied together we know this will have an effect on the election in November. This should also shape the attitudes of an entire generation as they grow older and contemplate raising families, starting businesses, and generally making the world in their own image.