Economy, Inflation
Cost of Thanksgiving dinner down only slightly from last year’s record high(The Center Square) – Thanksgiving dinner shoppers will get a bit of a break in the pocketbook this year. Illinois shoppers participating in the annual American Farm Bureau Federation’s (AFBF) Thanksgiving… Read More
Economy
Small business owners less optimistic about the economy, survey finds(The Center Square) – Newly released small business survey data shows that small business owners are less optimistic about the economy.The National Federation of Independent Businesses released its monthly survey… Read More
Economy
2023 could see highest number of people on food stamps since 2016(The Center Square) – The 2023 fiscal year is on track to average the highest number of individuals on food stamps in the U.S. since 2016. There were 42,329,101 on… Read More
Economy
St. Louis Fed analysis shows recession probability(The Center Square) – When interest rates on short-term bank deposits or bonds are higher than long-term products, a recession could be around the corner, according to an analysis by… Read More
Economy, Inflation
Consumer confidence drops as food, gas prices rise(The Center Square) – New data on consumer confidence shows that Americans are less confident about the U.S. economy, pointing to higher grocery and gas prices.The Conference Board, a business… Read More
Economy
U.S. GDP actually worse than originally published(The Center Square) — Newly revised Gross Domestic Product data shows that the U.S. economy grew by 2.1% in the second quarter of 2023, lower than previously reported by the… Read More
Economy, Jobs
Survey of businesses shows temp hiring hits new high while full time hires plummet(The Center Square) – Facing labor shortages and challenges to find new revenue streams, small businesses appear to be hiring mostly temporary workers. Alignable, a small business networking website, … Read More
Economy
Small business owners remain pessimistic about the economy(The Center Square) – Small businesses have ongoing concerns about the health of the economy, a newly released survey shows. The National Federation of Independent Businesses released survey results Tuesday… Read More
Economy, Inflation
Poll: Cost of living, job opportunities top list of reasons people relocate(The Center Square) – A new State Policy Network poll finds 8% of all voters surveyed have moved to a new state in the past two years, with cost of… Read More
Economy, Inflation
Federal Reserve hikes rates to highest level in 22 years(The Center Square) — The U.S. Federal Reserve Board announced another increase to the federal funds rate Wednesday, raising the target range to 5.25 to 5.5%, the highest rate in… Read More
Economy
U.S. home prices sink under weight of higher interest rates(The Center Square) – The median existing-home price for all housing types declined 3.1% in May from the same month in the prior year, the biggest drop in more than… Read More
Economy, Missouri
Missouri economy expanding as manufacturing sector adds jobs, increases wages(The Center Square) – Missouri is in an expansionary economy, according to a survey conducted by economists in the Midwest. Missouri’s Purchasing Managers’ Index for May was 51.2, an increase… Read More
Economy, Illinois
Illinois hotels continue to struggle hiring and retaining workers(The Center Square) – As the hotel industry continues to rebound from the crippling COVID-19 pandemic, worker shortages remain a challenge.The hotel industry is making a push to hire more… Read More
Economy
Commercial and individual bankruptcies on the rise across U.S.(The Center Square) – Commercial bankruptcy filings increased 31% in May 2023 from May 2022, according to a report from a company that tracks bankruptcy filings. There were 2,324 commercial… Read More
Economy, Jobs
Labor quality is a barrier to filling jobs at Missouri small businesses, survey finds(The Center Square) – A new report shows labor quality is keeping Missouri’s small business owners from filling job openings. The information is from the National Federation of Independent… Read More
Economy, Inflation
‘No painless option’: Fed faces tough choice on inflation following bank collapses(The Center Square) – The U.S. Federal Reserve may be less likely to use its key tool to combat inflation because of recent bank failures.The Fed has been aggressively hiking… Read More
Economy, Inflation
Business owners highlight cost of inflation for businesses, families(The Center Square) – Business owners from West Virginia told the powerful U.S. House Ways and Means Committee on Monday they are struggling with inflation, among other problems, as the… Read More
Economy
Report: Consumer confidence dwindles as economic fears rise(The Center Square) – Consumers feel 13% less confident about their financial outlook now than they did just a year ago, with the overall dip in optimism representing the second-largest… Read More
Congress, Economy
Debt ceiling sets up major battle in Congress(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to congressional leaders Thursday notifying them the agency has begun taking “extraordinary measures” as the… Read More
Economy
Americans say economy is in trouble, nearly half ‘scared’ for America’s fate in 2023(The Center Square) – Americans think the U.S. economy is in trouble, according to a new poll. Released by CBS News and YouGov, the poll found that 64% of those… Read More