Moody’s

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U.S. jobs

National

U.S. adds more than 530,000 jobs in October

Ends two-month labor skid

WASHINGTON (UPI) -- After two extremely disappointing reports in August and September, the Labor Department on Friday said more than a half-million jobs were added to the U.S. economy in October -- soundly beating what most analysts had predicted. The department said in its monthly report that 531,000 jobs were added last month. In the run-up to Friday's report, most economists projected about 450,000 jobs. The official assessment came after the September report flatlined with about 300,000 fewer jobs than […]

todayNovember 5, 2021 14

Business & Lifestyle

Store closures rocked retail in 2017, with 2018 bound to be no different

NEW YORK (Heartland Newsfeed/CNBC) -- A larger-than-average slew of retail bankruptcies and stores being shuttered rocked the industry this year, making headlines and dragging even some of the better-performing companies such as Home Depot, TJ Maxx and Costco down with the dismal news. So far in 2017, 6,985 store closure announcements have been made, according to a tracker from FGRT (formerly Fung Global Retail & Technology). That's up more than 200 percent from a year ago, based on the firm's […]

todayDecember 27, 2017 122

Business & Lifestyle

Illinois Policy: Barbara Flynn Currie to receive 6-figure pension after first year of retirement

CHICAGO (Illinois Policy Institute) -- The longtime House majority leader will benefit from a sweetener provision that grants massive pension spikes to career lawmakers after one year of retirement. Illinois House Majority Leader Barbara Flynn Currie (D-Chicago) has announced she will not run for re-election in 2018. Large pension payouts await the longtime lawmaker. And the fund from which those payouts will be drawn is one example of how Illinois’ most powerful politicians have shown little interest in leading the […]

todaySeptember 22, 2017 2

Business & Lifestyle

Illinois Policy Institute: Moody’s warns delay of state funding for Illinois schools a ‘credit negative’

SPRINGFIELD/CHICAGO (Illinois Policy Institute) -- State lawmakers keep giving ratings agencies reasons to downgrade Illinois government: pension crises, years of bad budgets and a two-year budget impasse are just a few examples. All have caused the credit ratings of various Illinois governments – from cities to universities to the state itself – to collapse. Many are now junk-rated and the state is just one notch away from junk itself. Now the ratings agencies have yet another reason to downgrade some […]

todayAugust 21, 2017 2

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