Illinois' unemployment rate down, hiring up in May
The industries with the most hiring were government, finance, and hospitality.
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The industries with the most hiring were government, finance, and hospitality.
The State of Illinois released new data on Thursday showing the unemployment rate is down and hiring is up. The numbers show the unemployment rate fell by 0.1% points to 4.1% and 2,500 jobs were added in Illinois in May.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
The goal is to help the Asian American, Native Hawaiian, and Pacific Islander business community.
The event is also to connect community members directly with federal leaders and resources.
The 517,000 figure is about three times higher than many economists' predictions.
U.S. employers added 517,000 jobs in January, a mark exceeding all expectations. That figure is about three times higher than many economists' predictions. But how does Chicago compare to the national numbers?
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
Train conductors vote against wage deal with rail companies brokered by the Biden administration.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
The rocky year on Wall Street continues. And Savage told CBS 2's Chris Tye Tuesday night that it may be here for a while.
The rocky year on Wall Street continues. And Savage told CBS 2's Chris Tye Tuesday night that it may be here for a while.
Billionaire Elon Musk said Tuesday he intends to reverse Twitter's ban against former President Donald Trump. CBS News' Tanya Rivero and Dan Patterson break down this announcement with CBS News tech reporter Dan Patterson.
The GDP a measure of total spending on goods and services across the economy, fell at an annual rate of 0.9 percent, the Commerce Department said Thursday.
Recession – it’s a word we hear a lot lately. CBS 2's Chris Tye reports on some concerns, and some cautious optimism on one front.
H. Robert Heller, who served on the board of governors of the Federal Reserve and also served as president and chief executive officer as Visa U.S.A., joins CBS 2’s Brad Edwards to talk about whether we are in a recession – and what it means for you.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
President Biden announced an unprecedented set of actions to ease the financial squeeze for fuel, including accessing about a third of the nation's strategic reserve until October. Errol Barnett has the latest on what this means for Americans.
"We are still clearly not out of the weeds."
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Because of the weak economy, retailers are competing with each other to fill their positions.
Nick Bohn and Molly Clyden have a forever bond, after she reached out to help him when he needed it most.
Organizations throughout Chicagoland have been racing to gather donations to help victims of the recent earthquake in Colombia.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
Alyssa's Law requires all school districts to have a mobile panic alert system to automatically notify law enforcement during on-site emergencies.
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
Chicago mayoral candidate John Kelly on Wednesday said the city has had enough of career politicians, and took some of his opponents to task for running for two offices at once.
David Crowley unexpectedly beat a progressive candidate in the Democratic primary for Wisconsin governor, and will face Republican Rep. Tom Tiffany on the ballot in November.
Illinois is one of 46 states that have reached a $15.5 million settlement with a Pennsylvania-based mortgage servicer for improperly imposing new insurance policies on homeowners who already had insurance.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
The Illinois Department of Public Health is not adopting new federal child vaccine guidelines and will continue following recommendations by the American Academy of Pediatrics.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Nick Bohn and Molly Clyden have a forever bond, after she reached out to help him when he needed it most. She gave him one of her kidneys after he was diagnosed with stage 5 renal failure. They were strangers at the time, but now they're not just friends, they're "kidney buddies for life."
Organizations throughout Chicagoland have been racing to gather donations to help victims of the recent earthquake in Colombia.
More than 170,000 NIPSCO customers were still without power Friday night in Northwest Indiana. For many, those outages have lasted three days and counting. One church went the extra mile Friday night to lend a helping hand.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls.
Friday’s rehearsals for the Chicago Air & Water Show were delayed by weather, but families visiting the lakefront weren’t letting the weather put a damper on a longtime tradition.
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
Organizations throughout Chicagoland have been racing to gather donations to help victims of the recent earthquake in Colombia.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
Nick Bohn and Molly Clyden have a forever bond, after she reached out to help him when he needed it most.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
More violations at Chicago's Bohemian National Cemetery and Crematorium have surfaced, which is now under investigation for its role in mishandling bodies connected to the family that ran South Chicago Chapel.
Many unanswered questions remain after 56 decomposing bodies were found inside a Chicago funeral home last week.
A lawsuit on behalf of a man who was shot and killed by police in Humboldt Park in March claims a CPD officer fired deadly shots just after arriving at a controlled scene instead of de-escalating.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
Clay Holmes and three Cubs relievers combined on a three-hitter, and Seiya Suzuki hit a three-run homer Friday to send Chicago to a 3-0 win over the St. Louis Cardinals.
Gov. JB Pritzker said he believes the Chicago Bears would like to stay in Illinois, but said they haven't yet come to the legislature with a bill they want passed to address building a new stadium in Arlington Heights or elsewhere.
Cade Cavalli took a no-hitter into the seventh inning, and the Washington Nationals beat the Chicago Cubs 7-0 to avoid a three-game sweep.
Sal Stewart, Eugenio Suárez and Tyler Stephenson homered and the Cincinnati Reds held off the Chicago White Sox for a 9-8 victory.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
A year-long investigation has led to an arrest in a fatal shooting in northwest suburban Des Plaines.
A man was due in court Thursday on charges of stabbing a woman to death in Chicago's Avondale community this week.
A man was set for a detention hearing Thursday in a shootout on Chicago's Near North Side.
