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Economy

Illinois toll hike undermines Pritzker’s affordability message

By Matt Paprocki
May 09, 2026 12:52 pm - Gov. J.B. Pritzker is marketing himself as a champion of affordability. A proposal to impose the largest passenger toll increase in state history cuts directly against that message.
US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

By PAUL WISEMAN
May 08, 2026 8:23 am - America’s employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
ICE raids reduce jobs for both U.S.-born and undocumented workers, study finds

By Lauren Kaori Gurley
May 06, 2026 9:20 am - President Donald Trump’s immigration raids and checkpoints are weighing on the labor market, leading to fewer jobs for U.S.-born men without a college degree as well as undocumented immigrants, according to an economic study out this week.
How a weaker dollar is quietly making life more expensive

By MATT SEDENSKY
May 04, 2026 1:37 pm - A hidden force is quietly pushing up costs for everything from your summer vacation to your weekly grocery bills: a weaker U.S. dollar.
What to know about May Day demonstrations as workers face rising energy costs due to Iran war

By SYLVIE CORBET
May 01, 2026 6:47 am - Activists worldwide gathered for May Day rallies and street protests Friday, calling for peace, higher wages and better working conditions as many workers grapple with rising energy costs and shrinking purchasing power tied to the Iran war.
U.S. economy grew 2% from January-March, recovering from federal shutdown; Iran war clouds outlook

By PAUL WISEMAN
Apr 30, 2026 8:27 am - WASHINGTON — The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal ...
Gas prices hit $5 across the suburbs; key inflation gauge jumps to highest level in 3 years

By CHRISTOPHER RUGABER
Apr 30, 2026 7:57 am - A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
Powell plans to stay on at Fed after his term as chair ends, citing legal actions by administration

By CHRISTOPHER RUGABER
Apr 29, 2026 1:11 pm - Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation's central bank at risk.
Trump pursues new import taxes to replace the tariffs the Supreme Court rejected

By PAUL WISEMAN
Apr 28, 2026 3:53 pm - When the Supreme Court killed his favorite tariffs in February, President Donald Trump promptly rolled out temporary import taxes to replace them. But those stopgap levies expire in less than three months. Now the administration is scrambling to put more durable tariffs in place.
US consumer confidence inches higher in April despite Iran war, soaring gasoline prices

By MATT OTT
Apr 28, 2026 10:16 am - U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.

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