Articles filed under Economy
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Gas prices are rising (again). Here's why.Aug 03, 2023 1:00 am - NEW YORK - U.S. gas prices are continuing to rise - giving drivers across the country another headache at the pump. The national average for gas prices stood at about $3...
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Germany used to be the world's export powerhouse. Now, it's not growing. What happened?Jul 28, 2023 1:00 am - FRANKFURT, Germany - The German economy is still failing to grow, figures showed Friday, as the country that should be the industrial powerhouse for all of Europe strugg...
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U.S. price and wage increases slow further in the latest signs of cooling inflationJul 28, 2023 1:00 am - WASHINGTON - Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in...
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Mounting job vacancies push state and local governments into a wage war for workersJul 28, 2023 1:00 am - FULTON, Mo. - At the entrance to Missouri prisons, large signs plead for help: "NOW HIRING" ... "GREAT PAY & BENEFITS." No experience is necessary. Anyone 18 and older c...
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COVID unemployment surge led to at least $5.2 billion in overpaid benefits in Illinois - including fraudJul 27, 2023 1:00 am - SPRINGFIELD - Illinois overpaid unemployment benefits to the tune of $5.2 billion during the first 18 months of the COVID-19 pandemic, with much of it paid to fraudulent...
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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...