The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion.

Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported Friday. The unemployment rate dropped to 3.8%, from 4% in January, extending a sharp decline in joblessness to its lowest level since before the pandemic erupted two years ago.

A lottery will determine which Chicagoans suffering from the economic catastrophe unleashed by the COVID-19 pandemic will get $500 per month for a year as part of an effort to study whether a universal basic income could reduce poverty in the city.

Efforts backed by Mayor Lori Lightfoot to reduce residential segregation in Chicago have begun to show signs of progress, officials with the Chicago Department of Housing say. The centerpiece of that effort is a revamped ordinance that requires developers who get special permission from the city or a subsidy to build more units earmarked for low- and moderate-income Chicagoans and pay higher fees. 

Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger increase than economists had expected. Though inflation helped boost that figure, most of January’s gain reflected more purchases, not higher prices.

The 2022 Chicago Auto Show is featuring the latest automotive trends while showcasing an influx of vehicles at a time when new cars are hard to find. 

The government's report Friday also drastically revised up its estimate of job gains for November and December by a combined 709,000. It also said the unemployment rate ticked up last month from 3.9% to a still-low 4%.

Stocks are mixed Monday as Wall Street heads for its worst month since the early days of the pandemic, weighed by worries that imminent hikes in interest rates will make everything in markets more challenging.

The nation’s gross domestic product — its total output of goods and services — expanded 5.7% in 2021. It was the strongest calendar-year growth since a 7.2% surge in 1984 after a previous recession.

The stock market extended its three-week decline and put the benchmark S&P 500 on track for a so-called correction — a drop of 10% or more from its most recent high. 

The Labor Department reported Wednesday that excluding volatile food and gas prices, so-called core prices surged 0.6% from November to December. Measured year over year, core prices jumped 5.5% in December, the fastest such increase since 1991.

The Labor Department also reported Tuesday that employers posted 10.6 million job openings in November, down from 11.1 million in October but still high by historical standards.

Stock indexes are mixed on Wall Street in afternoon trading Tuesday, placing the market within striking distance of another record high as investors close out their positions for 2021.

While some business owners say requiring proof of COVID-19 vaccination will limit spread of COVID-19, others worry about how it will impact their business – and how patrons will react. 

A heightened sense of anxiety has begun to erode the willingness of some people and businesses to carry on as usual in the face of the extraordinarily contagious omicron variant, which has fast become the dominant version of the virus in the U.S.

A full-court press from the owners of the Cubs, White Sox, Bulls and Blackhawks helped the measure backed by Mayor Lori Lightfoot hit the jackpot despite the opposition of Chicago billionaire and Rivers Casino Des Plaines operator Neil Bluhm.