Economy
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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...
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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Jan 29, 2024 7:52 am - WASHINGTON — Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close...
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US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Jan 25, 2024 2:58 pm - WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend f...
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Pritzker touts climate investments despite renewables lagging state goals
Jan 24, 2024 8:56 am - Boston-based Nexamp, a major player in the solar energy industry, is joining the growing list of renewable technology companies that have expanded or relocated to Illinoi...
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Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Jan 17, 2024 8:55 am - WASHINGTON — Treasury Secretary Janet Yellen is pushing back against Republican criticism of the Democrats' big coronavirus pandemic response package and making an electi...
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Retail sales up strongly in December as Americans showed continued willingness to spend
Jan 17, 2024 8:53 am - NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people ...