Economy
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U.S. employers added a solid 206,000 jobs in June in a sign of continued economic strength
Jul 05, 2024 7:45 am - WASHINGTON — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand ...
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U.S. job openings rise to 8.1 million despite higher interest rates
Jul 02, 2024 10:46 am - WASHINGTON — U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a re...
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Moving beyond COVID: How Schaumburg hopes to keep meeting demands of businessesJun 30, 2024 5:30 am - The suburbs’ largest hub of economic activity is implementing a new three-year economic development strategic plan designed to help it build upon its status in a post-pandemic world that’s affected some of its traditional strengths.
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See how your spending habits differ from previous generations
Jun 30, 2024 5:00 am - Fifty years ago, the average American household spent more on clothing than health care, and putting food on the table cost about as much as keeping a roof overhead. Sinc...
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Federal Reserve’s preferred inflation gauge shows price pressures easing further
Jun 28, 2024 8:31 am - A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.
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Credit card delinquencies are rising. Here’s what to do if you’re at risk
Jun 23, 2024 5:39 am - NEW YORK — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay thei...
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Apple kills off its buy now, pay later service barely a year after launch
Jun 21, 2024 9:55 am - NEW YORK — Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies w...
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New Child Tax Credit is a big deal, but more can be done for middle class familiesJun 20, 2024 1:22 pm - In the last days of its most recent legislative session, Illinois took a historic step, becoming the 15th state to enact a Child Tax Credit. Child tax credits are powerfu...
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U.S. inflation cooled in May in sign that price pressures may be easing
Jun 12, 2024 7:54 am - WASHINGTON — Inflation in the United States eased last month in a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it hol...
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Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Jun 12, 2024 6:59 am - WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target in recent months but signaled that they expect to cut their be...