On election eve, the state of the US economy is a blurry one

By PAUL WISEMAN
AP Economics Writer

WASHINGTON (AP) — Help-wanted signs are everywhere. Employers are posting nearly two job openings for every unemployed American. Hiring is on track for its second-strongest year in government records dating to 1940. And the economy grew solidly over the summer. From certain angles, the nation’s economic picture looks like a healthy one. But the scene is being photo-bombed by an unsightly intruder: Chronically high inflation. Surging prices are straining family budgets and inflicting hardship on the most economically disadvantaged households. What’s more, the Federal Reserve’s drive to tame inflation through much higher interest rates is raising the risk of a recession by next year. With voting underway in the midterm congressional elections,  America’s economy is in a confusing place.