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Economy

The federal shutdown will cut off vital economic data, including Friday's jobs report

By CHRISTOPHER RUGABER and PAUL WISEMAN
Oct 02, 2025 10:14 am - The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy.
The Biz Week That Was: A virtual reality escape, industrial and Main Street-like developments, and grants for business growth

Daily Herald report
Sep 27, 2025 1:22 pm - ‘A new kind of entertainment’: Rosemont virtual reality venue opens Friday Starting Friday, you’ll only have to go as far as Rosemont to be able to travel to ancient...
Congress takes steps to help restore dignity of work in Illinois

By Matt Paprocki
Sep 27, 2025 12:52 pm - For too long, government policies have made it too easy not to work, stifling people’s growth, confidence and ability to prosper. It also has limited the labor pool for businesses.
Trump's workforce purge batters DC's job market and leads to rise in homes for sale, report finds

By FATIMA HUSSEIN
Sep 24, 2025 2:14 pm - The Department of Government Efficiency's remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress, according to a report released Wednesday.
The economy was a strength for Trump in his first term. Not anymore, according to recent polling

By LINLEY SANDERS
Sep 24, 2025 9:53 am - President Donald Trump’s second-term strengths look different from his first, according to new polling.
Lake County sees $1.96 billion in visitor spending, tourism bureau says

Daily Herald report
Sep 23, 2025 3:32 pm - Lake County's visitor spending rose from $1.7 billion to $1.96 billion, according to the 2024 Illinois Economic Impact Report. It reinforces the county’s standing as the third largest tourism economy in the state behind Cook and DuPage counties, said officials with Visit Lake County during the group’s recent annual luncheon.
What to know about the H-1B visa Trump has targeted with $100,000 fees, generating confusion, fear

By PAUL WISEMAN, BARBARA ORTUTAY and PIYUSH NAGPAL
Sep 22, 2025 1:45 pm - The Trump administration's abrupt decision to slap a $100,000 fee on H-1B visas has stunned and confused employers, students and workers from the United States to India and beyond.
What the Fed rate cut means for your home, car and credit card loans

By Alyssa Fowers, Rachel Lerman
Sep 17, 2025 1:54 pm - The Federal Reserve announced that it will cut interest rates by a quarter point for the first time this year — but that probably won’t mean the mortgage rate or car loan you’ve been eyeing will suddenly drop.
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

By CHRISTOPHER RUGABER
Sep 17, 2025 7:17 am - The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes

By ANNE D'INNOCENZIO
Sep 16, 2025 8:29 am - Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price increases.

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