Bill Clinton’s campaign was right on the money when it coined the famous “It’s the economy, stupid” phrase in 1992. That’s because the economy has consistently ranked among the top — if not the very top — voter issues in presidential election after presidential election. The current contest is far from an exception, with close to 90% of respondents in a May ABC News/Ipsos poll indicating that the economy is the most important issue in determining who gets their vote in November.
The unemployment rate for bachelor’s degree recipients aged 20 to 29 is above 12%, an almost four-percentage-point increase from a year ago, according to Bureau of Labor Statistics data. Inflation: Elevated, but cooling Inflation slowed more than expected last month, falling to 3.3% from 3.4% in April. By comparison, at this time last year it was 4%, and two years ago it was 9%. But there’s a reason why you’re probably feeling like everything is still really expensive.
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