Husted’s Economic Chaos: Higher Unemployment, Rising Costs, and Threats to Retirement Security
September 5, 2025
COLUMBUS, Ohio – New reports are showing the effects of Washington’s economic chaos on Ohio families. The state’s unemployment rate has jumped to the highest level in four years, while major employers like Sherwin-Williams are slashing retirement benefits by suspending their 401(k) matching contributions, “citing weak sales amid economic and tariff headwinds.”
“Unelected Senator Jon Husted’s economic recklessness is hurting Ohio workers,” said Ohio Democratic Party spokeswoman Katie Seewer. “The chaotic tariffs he supports are driving up costs for small businesses and manufacturers, making it harder to create and keep good-paying jobs. Husted voted for the largest billionaire tax break in American history, while Ohio workers are facing rising unemployment, higher costs, and threats to their retirement security.”
What Ohioans are reading today in Cleveland.com:
- “Ohio’s unemployment rate rose to 5% in July, marking an increase from June’s 4.9% and a significant jump from 4.3% in July 2024.”
- “The growth of the United States’ GDP is steeply decreasing. And the number of job openings in July came in below the number of U.S. unemployed for the first time since April 2021.”
- “The dips are affecting Sherwin-Williams, one of Cleveland’s flagship employers. The company is poised to pause its contributions to employee 401(k) accounts because of inflation that has decreased DIY demand and tariffs that have increased costs.”
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