Articles filed under Economy
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US economic growth last quarter is revised up sharply to a 2% annual rateJun 29, 2023 1:00 am - WASHINGTON (AP) - Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers s...
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President talks up 'Bidenomics' though new poll shows just 34% approve his handling of the economyJun 28, 2023 1:00 am - President Joe Biden made his pitch Wednesday to a skeptical public that the U.S. economy is thriving under what he now touts as "Bidenomics" - even as a new poll showed ...
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Is it a 'richcession'? Or a 'rolling recession'? Or maybe no recession at all?Jun 28, 2023 1:00 am - WASHINGTON (AP) - The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the q...
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Weekly U.S. applications for unemployment aid remain relatively elevatedJun 22, 2023 1:00 am - The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginni...
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May home sales inch higher with record-few on the market and biggest annual price drop since 2011Jun 22, 2023 1:00 am - LOS ANGELES (AP) - Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, e...
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By investing in workforce, Illinois is delivering higher profits for businessesJun 18, 2023 1:00 am - Productive workers and competitive businesses continue to make Illinois the economic engine of the Midwest. Last month, the U.S. Bureau of Labor Statistics revealed that...
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Retail sales rose 0.3% in May despite pressure from higher inflation and interest ratesJun 15, 2023 1:00 am - NEW YORK (AP) - Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday's report from ...
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Number of Americans filing for jobless claims is elevated for second straight weekJun 15, 2023 1:00 am - The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve's interest rate hikes over the past year...
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Inflationary pressures continue to ease, producer prices drop 0.3% from April to MayJun 14, 2023 1:00 am - WASHINGTON - Wholesale prices in the United States dropped 0.3% from April to May, another sign that inflationary pressures continue to ease in the face of repeated inte...
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What you should know as the Federal Reserve nears the peak of its rate-hiking cycleJun 14, 2023 1:00 am - NEW YORK - The Federal Reserve's likely decision Wednesday afternoon to leave interest rates alone for the first time in 11 meetings will raise hopes that it may be near...