Economy
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Does Illinois have a path to public pension reform?Sep 08, 2024 5:12 am - Illinois’ worst-in-the-nation pension crisis shouldn’t come as a surprise. For years economists have been sounding the alarm that Illinois’ pension problem is growing from financially painful to potentially unsolvable.
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COVID-19 government disaster loans saved businesses, but saddled survivors with debt
Sep 06, 2024 3:09 pm - NEW YORK — In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses. But now some small businesses are having trouble paying them of...
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Visit Lake County marks 40 years of bolstering tourism, business communitySep 06, 2024 2:22 pm - The latest economic impact report for Illinois reveals significant growth in the travel and tourism sector, with Lake County standing out as a major contributor.
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You aren’t likely to lose a job in the US but may find it harder to land one
Sep 05, 2024 1:52 pm - WASHINGTON — Laid off by the music streaming service Spotify last year, Joovay Arias figured he’d land another job as a software engineer fairly soon. His previous job se...
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Gains in private sector union membership show a labor revival is possibleSep 01, 2024 5:45 am - On this Labor Day, unions in Illinois are organizing new industries and boosting job quality despite dealing with an economy in transition and persistent legal and politi...
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Report shows Illinois union participation declining despite growth in new petitions
Aug 30, 2024 1:24 pm - Overall participation in labor unions has declined in recent years in Illinois, although the state has seen an increase in successful unionization efforts for the second year in a row.
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Powell: ‘The time has come’ for the Fed to soon begin reducing interest rates
Aug 23, 2024 7:37 am - With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
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New surveys show signs of optimism among small business owners
Aug 22, 2024 12:25 pm - Small business owners overall are feeling positive about their business and achieving the goals they set for this year despite inflation and high labor costs, according t...
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U.S. applications for unemployment benefits inch up, but remain at historically healthy levels
Aug 22, 2024 8:05 am - The number of Americans filing for unemployment benefits rose modestly last week, but the level of claims remains at healthy levels. Jobless claims rose by 4,000 to 232,0...
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Government: U.S. economy added 818,000 fewer jobs than first reported in year that ended in MarchAug 21, 2024 11:19 am - WASHINGTON — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised t...