Articles filed under Economy
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Taking fees from suburban visitors isn't a solution for ChicagoFeb 19, 2023 12:00 am - Just when we think Illinois' political elite couldn't think of any more ridiculous taxes to impose - e.g., the soda tax - proposals for more goofy taxes come along. Bran...
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Suburbanite Charles Evans helped guide the U.S. economy through turbulent times the last 15 yearsFeb 05, 2023 12:00 am - Charles Evans became president and CEO of the Chicago branch of the Federal Reserve Bank in September 2007, just in time to help the Fed fight through the Great Recessio...
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A surprising burst of U.S. hiring in January: 517,000 jobsFeb 03, 2023 12:00 am - WASHINGTON (AP) - For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades...
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Average long-term mortgage rate falls a fourth straight weekFeb 02, 2023 12:00 am - 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 ho...
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US filings for jobless aid lowest since AprilFeb 02, 2023 12:00 am - 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...
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Minimum wage plan helps workers and businesses alikeJan 29, 2023 12:00 am - This month, hundreds of thousands of Illinois workers got a raise - and much-needed relief from the inflationary pressures that have been reducing the value of paychecks...
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The many areas in which businesses are dealing with uncertaintyJan 10, 2023 12:00 am - "We should all be ecstatic, but we're concerned." That was the summary expressed by a participant of a recent CEO roundtable - and may represent the economic outlook for...
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World Bank warning: Global economy is at risk of recessionJan 10, 2023 12:00 am - WASHINGTON - The global economy will come "perilously close" to a recession this year, led by weaker growth in all the world's top economies - the United States, Europe ...
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The latest trend in suburban industrial: Live/work/play settings to woo workersJan 09, 2023 12:00 am - In recent years, surging e-commerce growth has fueled demand for warehouse and distribution facilities, making industrial space hard to find in many suburban locations. ...
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2023 forecast: Sunny skies ahead for suburban multifamily development and investmentJan 08, 2023 12:00 am - Suburban Chicago has seen a boom in apartment construction in recent years, with cranes dotting the skies from Mount Prospect to Orland Park and 11,600 new units built o...