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Economy

Time running out for lawmakers to address public transit fiscal cliff

By Frank Manzo IV
Oct 06, 2024 7:00 am - Efficient, accessible, and safe public transportation is essential to a robust Illinois economy. Our public transit systems connect workers to jobs, bring customers to co...
Employers added 254,000 jobs in September, reflecting strong gains as election nears

Lauren Kaori Gurley
Oct 04, 2024 7:48 am - Employers added 254,000 jobs in September, reflecting a stronger than expected labor market. The unemployment rate ticked down to 4.1%, according to jobs data released Fr...
Morgan Stanley warns of 70,000 US monthly jobs hit from Trump tariffs

Christopher Anstey
Oct 01, 2024 8:31 am - Morgan Stanley economists estimated that implementation of Republican tariff-hike proposals would drive up inflation and impose a hit to US economic growth that undercuts...
Dockworkers’ strike could push up prices and cause shortages if it lasts for weeks

By TOM KRISHER and TASSANEE VEJPONGSA
Oct 01, 2024 7:01 am - A strike by dockworkers at 36 ports from Maine to Texas, the first in decades, could snarl supply chains and lead to shortages and higher prices if it stretches on for more than a few weeks.
US port strike by 45,000 dockworkers is all but certain to begin at midnight

Sep 30, 2024 2:50 pm - NEW YORK — The union representing U.S. dockworkers signaled that 45,000 members will walk off the job at midnight, kicking off a massive strike likely to shut down ports ...
Fed Chair Powell says the US economy is in solid shape’ with gradual rate cuts coming

By CHRISTOPHER RUGABER
Sep 30, 2024 2:43 pm - Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
How grants are helping Kane County manufacturers improve, be more competitive

By Susan Sarkauskas
Sep 29, 2024 5:56 am - The Richards-Wilcox company of Aurora has been in business for 144 years, outlasting many sheet-metal businesses that once operated in the Fox Valley. So it must be doing something right. It is one of 20 companies that received $30,000 Lighthouse grants being administered by the Illinois Manufacturing Excellence Center.
Before you sign up for a store credit card, know what you’re getting into

By ADRIANA MORGA
Sep 29, 2024 5:29 am - NEW YORK — When Mykail James was 19 and working a holiday job at Victoria's Secret, she took out a store credit card with a $2,000 credit line. When her school break was...
Suburbs shouldn’t impose their own grocery taxes

By Matt Paprocki
Sep 29, 2024 5:13 am - Gov. JB Pritzker attempted some political theater this spring when he and the General Assembly eliminated the statewide grocery tax. It was a hollow victory for taxpayers.
The benefits of a four-day workweek according to a champion of the trend

By CATHY BUSSEWITZ
Sep 27, 2024 2:46 pm - Companies exploring the option of letting employees work four days a week hope to reduce job burnout and retain talent seeking a better work-life balance, according to th...

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