Economy
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Lower auto prices are finally giving Americans a break after years of inflationary increases
Feb 28, 2024 8:28 am - DETROIT — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping coo...
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Auto repair reform has strengthened Illinois’ economyFeb 25, 2024 5:11 am - When your car breaks down, you take it to a mechanic. Sometimes, the repairs are paid for under your manufacturer’s warranty. Sometimes they are not, and you pay for the ...
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Robots and happy workers: Productivity surge helps explain U.S. economy's surprising resilience
Feb 21, 2024 7:22 am - WASHINGTON — Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn't easy. Attracting factory workers to a comm...
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What to do if you’re concerned you might be laid off — or if you’ve lost your job
Feb 18, 2024 5:00 am - Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security. If you’re...
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U.S. inflation slows but remains elevated in sign that price pressures are easing only graduallyFeb 13, 2024 7:55 am - WASHINGTON — Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and f...
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Some Americans have become saddled with credit card debt as rent and everyday prices remain high
Feb 05, 2024 9:27 am - NEW YORK — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation f...
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The U.S. didn't just avoid a recession — it's adding hundreds of thousands of new jobs
Feb 02, 2024 7:57 am - WASHINGTON — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing abil...
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More Americans apply for unemployment benefits but layoffs still historically low
Feb 01, 2024 7:59 am - The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels. Applications for un...
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Powell: Federal Reserve is on track to cut rates, though not likely for months
Jan 31, 2024 7:05 am - WASHINGTON — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference ...
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New research shows what a Child Tax Credit would mean for Illinois’ families and economyJan 30, 2024 8:27 am - Last month, I noted that Illinois recently has experienced positive economic developments but we are falling behind on the issue of child poverty, which has more than dou...