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Economy

The US is short 10 million houses. A new White House report lays out a blueprint to fix that

By JOSH BOAK
Apr 13, 2026 12:05 pm - White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic growth.
Travelers face higher costs and fewer flight options as jet fuel prices swing

By RIO YAMAT
Apr 11, 2026 1:47 pm - Air travelers are facing a new reality of higher fees, fewer flights and tough choices about whether a trip is worth the cost. The culprit is volatile oil and jet fuel prices that have been swinging since the war in the Middle East started and fighting near the Strait of Hormuz disrupted global oil shipments. Airlines around the world are responding by trimming schedules and raising fees and fares.
Taxpayers at risk in lawmakers’ rush to pass Bears stadium bill

By Matt Paprocki
Apr 11, 2026 1:20 pm - Lawmakers returning to Springfield this month have no shortage of pressing issues. Yet one item is set to rush to the front of the line: a deal to keep a new Chicago Bears stadium in Illinois.
War in Iran sends inflation soaring and the mood of American consumers plunging

By CHRISTOPHER RUGABER
Apr 10, 2026 7:44 am - The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
Key inflation gauge remains elevated in February before Iran war

By CHRISTOPHER RUGABER
Apr 09, 2026 12:39 pm - A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began.
US filings for jobless aid jump to 219,00 last week but remain within stable range of past few years

By MATT OTT
Apr 09, 2026 8:14 am - U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns

By CHRISTOPHER RUGABER
Apr 07, 2026 8:30 am - A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs.
U.S. employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February

By PAUL WISEMAN
Apr 03, 2026 7:46 am - American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February. And the unemployment rate dipped to 4.3%.
US jobless aid filings fall to 202,000 as layoffs remain low despite uncertainty of Iran war

By MATT OTT
Apr 02, 2026 8:06 am - WASHINGTON — U.S. applications for unemployment benefits fell last week as layoffs remain sparse despite a softening labor market and rising energy costs due to the Iran ...
Community kiosks help job seekers find openings, resources

Daily Herald report
Apr 01, 2026 10:23 am - A network of job kiosks placed throughout Kane, Kendall and DeKalb counties is helping connect residents with employment opportunities and workforce services.

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