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Articles filed under Economy

French strikers renew pressure on Macron to ax pension plan

By SYLVIE CORBET and ALEXANDER TURNBULL
Mar 8, 2023 11:50 AM - Tens of thousands of people marched in Paris and other cities across the country Wednesday to denounce the government's pension plan as unfair to female workers, in demonstrations meant to coincide with International Women's Day.
Powell signals increased rate hikes if economy stays strong

By CHRISTOPHER RUGABER
Mar 7, 2023 2:56 PM - The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday.
The U.S. economy is sending mixed signals: Here's what it all means

By PAUL WISEMAN
Mar 5, 2023 5:00 AM - For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring remained surprisingly sturdy despite ever-higher interest rates imposed by the Federal Reserve. Then something went wrong.
Europe inflation eases slightly but consumer pain persists

By DAVID McHUGH
Mar 2, 2023 6:39 AM - Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at getting prices back under control.
Aligning the value of gig work with the value of job quality

By Frank Manzo IV
Feb 26, 2023 1:00 AM - During a historically tight labor market with more job openings than available people to fill them, businesses must prioritize job quality in order to compete for workers.
Taking fees from suburban visitors isn't a solution for Chicago

By Matt Paprocki
Feb 19, 2023 1:00 AM - Brandon Johnson, a candidate for Chicago mayor, recently unveiled his financial plan for the city. Johnson proposes raising $800 million in new revenue by making "the suburbs, airlines and ultrarich pay their fair share" for access to Chicago.
Suburbanite Charles Evans helped guide the U.S. economy through turbulent times the last 15 years

Feb 6, 2023 3:16 PM - After 15 years as Chicago Fed president, Charles Evans has earned a chance to relax and reflect.
A surprising burst of U.S. hiring in January: 517,000 jobs

By PAUL WISEMAN
Feb 3, 2023 12:48 PM - America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.
Average long-term mortgage rate falls a fourth straight week

By MATT OTT
Feb 2, 2023 1:36 PM - The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective homebuyers to get back in the market.
US filings for jobless aid lowest since April

By MATT OTT
Feb 2, 2023 1:29 PM - U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve as it attempts to cool the economy and bring down inflation.

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