Articles filed under Economy
-
2023 forecast: Sunny skies ahead for suburban multifamily development and investmentJan 08, 2023 12:00 am - Suburban Chicago has seen a boom in apartment construction in recent years, with cranes dotting the skies from Mount Prospect to Orland Park and 11,600 new units built o...
-
Does the Fed have it wrong?Jan 08, 2023 12:00 am - For most of 2022, financial markets were laser focused on one thing: Inflation. But late last year, an important shift in the narrative occurred. Markets became less wo...
-
US jobless claim applications fall to lowest in 14 weeksJan 05, 2023 12:00 am - WASHINGTON (AP) - The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job marke...
-
Average long-term US mortgage rates inch up to 6.48%Jan 05, 2023 12:00 am - WASHINGTON (AP) - The average long-term U.S. mortgage rate rose for the second straight week following six weeks of declines that had given prospective homebuyers a glim...
-
U.S. job openings stayed high in sign of economic resilienceJan 04, 2023 12:00 am - WASHINGTON - U.S. job openings slipped in November but remained high, suggesting businesses are still determined to add workers, a blow to the Federal Reserve's efforts ...
-
'Unprecedented opportunity': Chicago, suburbs team up for 7-county economic partnershipJan 04, 2023 12:00 am - Leaders from throughout the seven-county Chicago area gathered Wednesday to announce the creation of a Greater Chicagoland Economic Partnership through which they pledge...
-
Applications for U.S. unemployment aid rose slightly last weekDec 29, 2022 12:00 am - WASHINGTON - The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve's efforts...
-
Average long-term US mortgage rate falls a 6th straight weekDec 22, 2022 12:00 am - WASHINGTON (AP) - The average long-term U.S. mortgage rate declined for the sixth straight week, giving potential homebuyers a tiny amount of relief after rates topped o...
-
US economy grew 3.2% in Q3, an upgrade from earlier estimateDec 22, 2022 12:00 am - WASHINGTON (AP) - Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September...
-
Applications for jobless claims up slightly last weekDec 22, 2022 12:00 am - WASHINGTON (AP) - Slightly more Americans filed for unemployment benefits last week as the labor market continues to show strength even as the Federal Reserve has tried ...