Articles filed under Economy
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Holiday season exposes widening disparity among American families
Dec 20, 2020 6:25 AM - No Christmas gifts this year. It's a common refrain this year, especially among low-wage earners who've been disproportionately affected by job losses during the coronavirus recession. Meanwhile, many families -- particularly those with white-collar jobs that can be done remotely -- have seen their net worth rise during the pandemic.
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Daily Herald Business Ledger webinar: Panelists optimistic, but there's much to do in 2021Dec 11, 2020 12:52 PM - There's reason for optimism about the Illinois economy in 2021, but there's also a lot of work to do.
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Rights for gig workers are a political issue now, but many of them can't voteDec 5, 2020 6:19 AM - This November, gig economy companies won a resounding victory on the California ballot. Voters overwhelmingly agreed to allow them to keep their workers as contractors, not employees. Now, those companies want to export that framework to the rest of the country.
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US hiring slows sharply to 245,000 jobs as virus intensifiesDec 4, 2020 9:57 AM - America's employers sharply scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.
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Liz Weston: When life blows up your well-laid plans
Nov 15, 2020 6:12 AM - Job loss, business failure, involuntary retirement, divorce, disability or the death of a breadwinner -- these are just some of the ways our finances can force us to come up with a Plan B. The biggest task after financial loss may be dealing with your emotions after the future you had envisioned disappears.
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Pandemic firings lead to wave of bias claims from parentsNov 14, 2020 6:25 AM - Parents who've lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed.
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Growth should continue in 2021, strategist saysNov 12, 2020 7:00 PM - The economy should continue to improve in 2021 and the stock market will reflect that, according to a local financial adviser.
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709,000 seek US jobless aid as pandemic escalatesNov 12, 2020 8:00 AM - The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March. The figures coincide with a sharp resurgence in confirmed viral infections to an all-time high above 120,000 a day.
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Bidenomics: More stimulus, tougher regulation, and gridlock
Nov 11, 2020 9:27 AM - President-elect Joe Biden will inherit a vulnerable economic recovery under threat from a resurgent virus, likely with a divided Congress that will hinder his ability to address the challenges.
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Mothers are being driven out of the workforce in droves
Nov 8, 2020 6:26 AM - Societal forces are proving to be as crushing as economic ones. Despite what girls of the '80s and '90s were promised, women in 2020 are still expected to shoulder a majority of household duties, including taking care of children and aging parents. Without day cares and in-person education, what was previously an untenable situation has become impossible.
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