Articles filed under Economy
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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...
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Does the Fed have it wrong?Jan 08, 2023 12:00 am - For most of 2022, financial markets were laser focused on one thing: Inflation. But late last year, an important shift in the narrative occurred. Markets became less wo...
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US jobless claim applications fall to lowest in 14 weeksJan 05, 2023 12:00 am - WASHINGTON (AP) - The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job marke...
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Average long-term US mortgage rates inch up to 6.48%Jan 05, 2023 12:00 am - WASHINGTON (AP) - The average long-term U.S. mortgage rate rose for the second straight week following six weeks of declines that had given prospective homebuyers a glim...
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U.S. job openings stayed high in sign of economic resilienceJan 04, 2023 12:00 am - WASHINGTON - U.S. job openings slipped in November but remained high, suggesting businesses are still determined to add workers, a blow to the Federal Reserve's efforts ...
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'Unprecedented opportunity': Chicago, suburbs team up for 7-county economic partnershipJan 04, 2023 12:00 am - Leaders from throughout the seven-county Chicago area gathered Wednesday to announce the creation of a Greater Chicagoland Economic Partnership through which they pledge...