Economy
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Bill ending state’s tipped wage advances, but prospects uncertain amid pushback
Apr 05, 2024 10:55 am - Opponents say eliminating the tip credit will lead to decreased hours and layoffs for staff An Illinois House committee advanced a measure that would end the state’s...
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U.S. employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
Apr 05, 2024 7:51 am - WASHINGTON — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy ...
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Illinois Office of Tourism magazine offers spring and summer trip ideasApr 04, 2024 3:09 pm - For travel enthusiasts, the Illinois Department of Commerce and Economic Opportunity (DCEO) Office of Tourism has released its spring/summer 2024 issue of Enjoy Illinois,...
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U.S. applications for unemployment benefits rise, but layoffs remain at historically low levels
Apr 04, 2024 7:44 am - The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low levels as the labor mark...
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Powell: Fed still sees rate cuts this year; election timing won't affect decision
Apr 03, 2024 12:48 pm - WASHINGTON — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showin...
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An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
Mar 29, 2024 8:45 am - WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government repo...
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US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
Mar 28, 2024 8:26 am - WASHINGTON — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The g...
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Applications for US unemployment benefits dip to 210,000 in strong job market
Mar 28, 2024 8:24 am - NEW YORK — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy ...
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The Biz Week That Was: Bears haggling, new eateries, outdoor dining and bubble gum soda among highlightsMar 24, 2024 5:41 am - Bears and school districts stop short of endorsing Arlington Heights tax proposal A day after Arlington Heights officials unveiled a proposed settlement to the ongoi...
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Strong Illinois economy has been very good for businessMar 24, 2024 5:02 am - Don’t tell the naysayers, but Illinois’ economy continues to remain strong. We are America’s sixth-largest state and fifth-largest economy, now generating $1.1 trillion a...