Articles filed under Economy
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Suburbanite Charles Evans helped guide the U.S. economy through turbulent times the last 15 years
Feb 6, 2023 3:16 PM - After 15 years as Chicago Fed president, Charles Evans has earned a chance to relax and reflect.
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A surprising burst of U.S. hiring in January: 517,000 jobs
Feb 3, 2023 12:48 PM - America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.
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Average long-term mortgage rate falls a fourth straight week
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US filings for jobless aid lowest since April
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Minimum wage plan helps workers and businesses alike
Jan 29, 2023 1:00 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 across our economy. Illinois raised its minimum wage to $13 an hour. The move was part of an incremental process the state initiated in 2020 to raise its minimum wage to $15 per hour by January 2025. -
The many areas in which businesses are dealing with uncertainty
Jan 10, 2023 12:01 PM - If there is one thing that employers hate, it is uncertainty. And the world, the business environment, and the economy are overflowing with uncertainty. -
World Bank warning: Global economy is at risk of recession
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The latest trend in suburban industrial: Live/work/play settings to woo workers
Jan 9, 2023 12:55 PM - 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. -
2023 forecast: Sunny skies ahead for suburban multifamily development and investment
Jan 8, 2023 1:00 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 or under construction since 2020. But with rising interest rates and construction costs, continued supply chain challenges and economic uncertainty, will suburban multifamily development lag in 2023? -
Does the Fed have it wrong?
Jan 8, 2023 1:00 AM - As we move forward, the question on the mind of many investors is whether the Fed will pull back and moderate its aggressive pace. The Fed's upcoming decision on Feb. 1 and again on March 23 will have important implications for the economy in 2023 and beyond.
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