Articles filed under Economy
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US jobless claim applications fall to lowest in 14 weeks
Jan 5, 2023 1:39 PM - 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 market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation.
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Average long-term US mortgage rates inch up to 6.48%
Jan 5, 2023 1:39 PM - 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 glimmer of hope.
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'Unprecedented opportunity': Chicago, suburbs team up for 7-county economic partnershipJan 4, 2023 4:38 PM - Hailing it as an "unprecedented opportunity," Chicago-area leaders on Wednesday announced the creation of the reater Chicagoland Economic Partnership.
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U.S. job openings stayed high in sign of economic resilience
Jan 4, 2023 11:55 AM - 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 to cool hiring and wage gains.
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Applications for U.S. unemployment aid rose slightly last week
Dec 29, 2022 10:06 AM - The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve's efforts to cool the economy and hiring.
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Average long-term US mortgage rate falls a 6th straight week
Dec 22, 2022 2:03 PM - The average long-term U.S. mortgage rate declined for the sixth straight week, giving potential homebuyers a tiny amount of relief after rates topped out over 7% last month.
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Applications for jobless claims up slightly last week
Dec 22, 2022 2:03 PM - Slightly more Americans filed for unemployment benefits last week as the labor market continues to show strength even as the Federal Reserve has tried for nearly a year to slow the economy by raising its main lending rate.
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US economy grew 3.2% in Q3, an upgrade from earlier estimate
Dec 22, 2022 2:03 PM - Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.
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Scammers taking advantage of student loan borrowers, online holiday shoppersDec 15, 2022 2:31 PM - Nearly one in ten Americans have fallen victim to scams involving federal student debt forgiveness, and two in five of these victims are being contacted at least once a week or more, according to the latest edition of Allstate Identity Protection's "Identity Fraud in Focus" quarterly report.
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US hiring stayed strong in November as employers add 263,000
Dec 2, 2022 8:57 AM - The nation's employers kept hiring briskly in November despite high inflation and a slow-growing economy -- a sign of resilience in the face of the Federal Reserve's aggressive interest rate hikes.
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