Larry Elliott

With only four days to go until Tuesday’s presidential election, the poor jobs figures could not have come at a worse time for Kamala Harris. To be sure, there were special factors that explained why the world’s biggest economy added only 12,000 new jobs in October. Last month two severe hurricanes – Helene and Milton – hit the US. The temporary lay-offs caused by the disruption led to an estimated 20,000 to 50,000 drop in payrolled employees. Manufacturing employment fell by 46,000 – with most of the drop the result of a strike at the aerospace giant Boeing.

West’s dominance is being challenged, with Brics summit showing emerging markets are unwilling to bow to pressure

NIESR warns Republican nominee’s protectionist policies, including against Britain, would harm domestic economy

Markets expect his policy package to harm trade and growth but reduce business taxes

Rare agreement among forecasters gives 96% chance of today’s MPC meeting cutting borrowing costs to 4.75%

Chancellor’s budget has made the monetary policy committee warier about the pace of future policy easing

Larry Elliott Economics editor 5 min read It's the economy, stupid. So said James Carville when he was advising Bill Clinton in his

There is a strong chance the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest rates

The free market experiment has failed, free trade is out, and populism is rife but it can be defeated if the left can galvanise ideas into a credible plan

Labour market is in pretty good shape, but signs of cooling could be a headache for the chancellor