Jobs Rebound But Inflation Dampens Consumer Confidence in Ohio
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Jobs in Cincinnati and Ohio have rebounded to pre-pandemic levels, driving unemployment to lows not seen in decades.
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Inflation slowed in 2022 but prices are still 19% higher than pre-pandemic, causing "lingering pocketbook trauma."
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Consumer confidence remains low due to high inflation eroding optimism about the economic rebound.
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Consumers are cutting back spending due to inflation, hurting demand reported by businesses.
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Political party affiliation greatly influences consumer sentiment, with Republicans especially pessimistic with a Democrat administration.