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Economy

Trump’s economic agenda for his second term is clouding the outlook for mortgage rates

By ALEX VEIGA
Nov 17, 2024 5:29 am - Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Slightly more American apply for unemployment benefits last week, but layoffs remain at low levels

By MATT OTT
Nov 07, 2024 8:02 am - The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels.
Restaurants, other services still in grip of high inflation even as overall rate slows

By DAMIAN J. TROISE
Nov 07, 2024 7:39 am - While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That has put a strain on consumers eating out, servicing their cars and paying for various kinds of insurance.
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

By CHRISTOPHER RUGABER
Nov 07, 2024 7:12 am - The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.
Voter anger over economy boosts Trump in 2024, baffling Democrats

By Jeff Stein
Nov 06, 2024 1:16 pm - Widespread voter anger about the economy appeared to boost former president Donald Trump in Tuesday’s election, emerging as one of Democrats’ chief liabilities even with low unemployment and robust growth.
Naperville Chamber’s Economic Forecast to provide market outlook for local businesses

Daily Herald report
Nov 05, 2024 2:24 pm - The Naperville Area Chamber of Commerce’s Economic Forecast 2024 on Thursday, Nov. 14, aims to help understand the evolving political landscape and its implications for local businesses.
Strike at Boeing part of new era of labor activism long in decline at U.S. workplaces

Associated Press
Nov 05, 2024 2:19 pm - Organized labor has made itself heard over the past couple of years, and the number of actions taken by unions has soared. There were 470 work stoppages involving roughly 539,000 workers last year, according to Cornell University's School of Industrial and Labor Relations. The nearly 500 work stoppages resulted in about 24,874,522 strike days.
Harris team warns CEOs that Trump is a threat to economy, while Trump promises them historic growth

By JOSH BOAK and FATIMA HUSSEIN
Nov 01, 2024 1:57 pm - Kamala Harris ' campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth — a closing argument designed to show the possible consequences for companies and workers if he returns to the White House.
US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls

By PAUL WISEMAN
Nov 01, 2024 7:51 am - America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the job market at the end of a presidential race that has pivoted heavily on voters’ feelings about the economy.
Inflation gauge closely watched by the Fed falls to lowest level since early 2021

By CHRISTOPHER RUGABER
Oct 31, 2024 8:27 am - As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.

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