Economy
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Bell Works ‘Metroburb’ leads renaissance of repurposing abandoned corporate HQ sitesJan 12, 2025 5:03 am - Hoffman Estates village officials and the developer say 2025 could be the tipping point for realizing an ambitious vision — turning the former AT&T headquarters into the self-contained “Metroburb” of Bell Works Chicagoland.
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Northern exposure: Why Chicago’s Northwest suburbs are a bright spot for new multifamily developmentJan 12, 2025 4:45 am - Prospective Chicago-area renters struggling to find suitable housing know all too well that the suburbs are red-hot, with rents on the rise and 16 people ready to sign a lease for every one apartment, according to a recent study from RentCafe.
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Economic outlook: What to expect in 2025Jan 12, 2025 4:37 am - In the stock market, what goes up doesn’t necessarily need to come back down. While some of history’s most popular sayings are thrown around to simplify complex topics, they shouldn’t always be applied universally.
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US added a strong 256,000 jobs in December as unemployment rate dipped to 4.1%
Jan 10, 2025 7:58 am - U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates.
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US orange juice and steel will be on Canada’s list for retaliation if Trump imposes tariffs
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Illinois is better prepared for the next recessionDec 29, 2024 5:15 am - For much of the past two decades, Illinois’ recession preparedness was wholly inadequate. But new research from the Illinois Economic Policy Institute and the Project for Middle Class Renewal at the University of Illinois reveals a major shift compared to where our state was during the last two major economic downturns — the Great Recession and the COVID-19 recession.
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Bidding adieu to suburban businesses that closed in 2024Dec 29, 2024 5:08 am - Patrons bid farewell to neighborhood haunts, chain eateries, mom-and-pop operations, longtime community staples and shuttered shopping malls that were among a slew of business closures in the suburbs this year. Here, we mark the demise of a sampling of those ventures, some of which left lingering memories in the hearts of their loyal customers.
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How the stock market defied expectations again this year, by the numbers
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Illinois’ minimum wage to increase to $15 on Jan. 1, completing 6-year transition
Dec 26, 2024 11:19 am - The minimum wage in Illinois will increase to $15 an hour on Jan. 1, completing a six-year transition period since the increase was approved in 2019.
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An analyst looks ahead to how the US economy might fare under Trump