Articles filed under Economy
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Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economyOct 26, 2023 1:00 am - FRANKFURT, Germany - The European Central Bank left interest rates unchanged Thursday for the first time in over a year as the Israel-Hamas war spreads even more gloom o...
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U.S. economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikesOct 26, 2023 1:00 am - WASHINGTON - The nation's economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespre...
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Illinois awarded additional $11.25M grant from U.S. Department of LaborOct 26, 2023 1:00 am - The Illinois Department of Employment Security (IDES) has been awarded an $11.25 million grant from the U.S. Department of Labor to support continued modernization, frau...
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Women across Iceland, including the prime minister, go on strike for equal pay and no more violenceOct 24, 2023 1:00 am - HUSAVIK, Iceland - Schools, shops, banks and Iceland's famous swimming pools shut on Tuesday as women in the volcanic island nation - including the prime minister - went...
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Illinois payroll jobs increase to record highOct 20, 2023 1:00 am - The Illinois Department of Employment Security announced Thursday the unemployment rate increased 0.3 percentage points to 4.4%, while nonfarm payrolls increased by 9,50...
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Applications for U.S. jobless benefits fall to lowest level in more than 8 monthsOct 19, 2023 1:00 am - Applications for U.S. unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates...
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Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflationOct 19, 2023 1:00 am - WASHINGTON - Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a ...
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Social Security benefits will increase by 3.2% in 2024 as inflation moderatesOct 11, 2023 11:00 pm - WASHINGTON — Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderatin...
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IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertaintyOct 09, 2023 11:00 pm - The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty f...
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Nobel economics prize goes to professor for research on the workplace gender gapOct 08, 2023 11:00 pm - STOCKHOLM — The Nobel economics prize was awarded Monday to Harvard University professor Claudia Goldin for research that has advanced the understanding of the gender ga...