Economy
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How communities can spur economic development in post-pandemic eraMay 24, 2024 12:29 pm - Suburban communities spur economic development using a variety of ways, including performing a thorough assessment of resources, securing visits from site selectors, and encouraging businesses to take advantage of incentives.
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Trump or Biden? Either way, U.S. seems poised to preserve heavy tariffs on imports
May 21, 2024 7:07 am - WASHINGTON — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials pric...
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Americans are down on the economy (again), with inflation topping election concerns
May 20, 2024 10:37 am - After a spurt of optimism, Americans are feeling a little more glum about the economy — again. Consumer sentiment, a gauge of Americans’ economic perceptions, is at a six...
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Inflation improved slightly in April, with timing for rate cuts still uncertain
May 15, 2024 7:51 am - Inflation showed some signs of improvement in April, as policymakers grapple with whether their fight against abnormally high price growth is losing ground. Data released...
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Your tax refund could be bigger this year. Here’s what to do with it
May 11, 2024 11:00 pm - NEW YORK — The average taxpayer is getting a $2,852 refund, $75 more than last year, based on the most recent IRS data. So what should you do with that money? Experts gen...
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The U.S. has updated its Social Security estimates. Here’s what you need to know.
May 08, 2024 10:44 am - A government report Monday released fresh estimates of the budget outlook for Social Security, which provides critical benefits for retirees, workers’ survivors and some ...
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Public sector labor shortage hurts vital services and communities, not faceless bureaucratsMay 07, 2024 5:34 am - Illinois is facing a severe shortage of workers in key public service roles. The shortage partially is due to a robust labor market. Although Illinois’ unemployment rate ...
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The Fed indicated rates will remain higher for longer. What does that mean for you?
May 05, 2024 5:26 am - NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer...
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U.S. employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates
May 03, 2024 7:54 am - WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to ...
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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
May 02, 2024 4:03 pm - WASHINGTON — The IRS said Thursday it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining ...