Articles filed under Economy
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A 'rolling recession' or a 'richcession' might spare the U.S. economy from a full-scale downturnJul 27, 2023 1:00 am - WASHINGTON - Despite more than a year of widespread warnings that a recession was near, America's economy is, if anything, accelerating. Even as the Federal Reserve has ...
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Home sales in June fell to the slowest pace since January with near-historic low inventory for saleJul 20, 2023 1:00 am - LOS ANGELES (AP) - Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mor...
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Attention naysayers: The data show Illinois' economy still growingJul 16, 2023 1:00 am - Beware the naysayers who allege that Illinois' economy is "upside down" and "struggling." Midway through 2023, there is no evidence that the state is in recession. Let's...
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Average long-term US mortgage rate surged to nearly 7% this week to highest level since NovemberJul 13, 2023 1:00 am - LOS ANGELES (AP) - The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers al...
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US wholesale prices for June point to further easing of inflation pressuresJul 13, 2023 1:00 am - WASHINGTON (AP) - Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal R...
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What to know about Illinois' business climate todayJul 09, 2023 1:00 am - As we begin the second half of the year, it's a prime time to assess Illinois' economic climate. Pandemic-related emergency orders have ended and most of society has re...
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U.S. slowed hiring but still added a solid 209,000 jobs in June in sign of economy's resilienceJul 07, 2023 1:00 am - WASHINGTON - America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, a sign that the economy's resilienc...
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More Americans apply for jobless benefits, but layoffs are not rising significantlyJul 06, 2023 1:00 am - The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve's attempt to cool the labor market by rai...
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U.S. job openings dip to 9.8 million but remain high, showing resilience in labor marketJul 06, 2023 1:00 am - WASHINGTON (AP) - U.S. job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharp...
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U.S. Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsJul 06, 2023 1:00 am - BEIJING - Treasury Secretary Janet Yellen plans to tell Chinese officials Washington wants healthy economic competition but will defend U.S. trade curbs imposed on secur...