Articles filed under Economy
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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...
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UK wages rise sharply in April, set to bolster expectations of another rate hike next weekJun 13, 2023 1:00 am - LONDON - Wages in the U.K. spiked sharply in April, official figures showed Tuesday, a development that is set to cement expectations that the Bank of England will raise...
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US hiring jumped last month, but so did unemployment. So how healthy is the economy?Jun 02, 2023 1:00 am - WASHINGTON - The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy...
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A wave of retirements is leaving some U.S. industries desperate to hireJun 01, 2023 1:00 am - WASHINGTON - Kwasi Bandoh, a senior recruiter for an airline, stood before a group of aviation mechanic students at their graduation ceremony last month and congratulate...
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Debt ceiling deal: What's in, what's out of the agreement to avert U.S. defaultMay 28, 2023 1:00 am - WASHINGTON - Both sides can point to some victories in the debt ceiling deal reached between President Joe Biden and House Speaker Kevin McCarthy. But some conservatives...