Economy news
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy
LIV Golf tour will bring some of world's top golfers to Bolingbrook in September.
The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.
President Joe Biden has told an audience of cheering unionized steelworkers that his administration will block the acquisition of U.S. Steel by a Japanese company
Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year
But now, with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, as the Fed itself has predicted — or even cut at all?
America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates
A study states Fermilab spending in fiscal 2022 contributed $1.6 billion in economic output and supported 7,242 jobs in Illinois and South Dakota
The state’s two main fiscal forecasting agencies agree: Illinois’ finances will see a strong close in the final 3.5 months of the fiscal year before things tighten a bit next year.
America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation.
The economy looks set to grow 2.2% this year after adjusting for inflation, according to the National Association for Business Economics. It’s the latest signal of strength for an economy that’s blasted through predictions of a recession.
Tuesday’s report from the Labor Department showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month. Compared with a year ago, prices are up 3.1%.
Friday’s report from the Labor Department showed that last month’s job gain topped the 333,000 that were added in December, a figure that was itself revised sharply higher. The unemployment rate stayed at 3.7%, just above a half-century low.
Stocks are near record highs. Growth was surprisingly strong last year. And once-hot inflation has begun to cool. But so far, U.S. adults are feeling only slightly better about the economy.