Economy
The airline said it will help electric-aircraft startup Archer develop an aircraft capable of helicopter-style, vertical takeoffs and landings. Archer hopes to deliver its first aircraft in 2024, if it wins certification from the Federal Aviation Administration.
The numbers point to a still-elevated number of layoffs. Before the virus erupted in the United States in March, weekly applications for jobless aid had never topped 700,000, even during the Great Recession.
House Democrats muscled past Republicans on portions of President Joe Biden’s pandemic plan, including a proposed $130 billion in additional relief to help the nation’s schools reopen and a gradual increase of the federal minimum wage to $15 an hour.
Gov. J.B. Pritzker told lawmakers Tuesday that he will not propose hiking the state’s income tax on individuals to close the state’s projected $3 billion budget deficit in 2022.
Illinois’ ban on most evictions will enter its 12th month as the second wave of the pandemic eases and the vaccination effort gains steam.
Latino communities have been at a heightened risk of infection and death throughout the COVID-19 pandemic. But the coronavirus has not only endangered their health, it’s also harming their finances and making them more likely to lose their homes.
The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. The unemployment rate for January fell sharply from 6.7% to 6.3%, the Labor Department said Friday.
Gage Park sits within two ZIP codes that have consistently seen some of the highest COVID-19 positivity rates in the city, yet the vaccine rollout has been criticized for not reaching the Southwest Side like it has the North Side.
Amid a surge in carjackings, drivers for ride-hailing companies have been working in close contact with other people during the pandemic. Meanwhile, those companies are gearing up for a fight over whether gig workers should be classified as employees.
The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic.
Illinois Sen. Dick Durbin on efforts to get President Joe Biden’s COVID-19 relief plan passed as Republicans decry a “partisan” approach from Democrats.
Chicago’s convention industry took a huge financial hit when COVID-19 shut down the city. McCormick Place, North America’s largest convention center, is looking to rebound this summer with dozens of events scheduled through the end of the year.
The neighborhood has long been the epicenter of the city’s Puerto Rican community, but in recent years, fears of gentrification and displacement have grown — and in some cases, become reality. A new business incubator hopes to help change that.
Plus: Local Congress members weigh in on ‘Chicago Tonight’
President Joe Biden told Republican senators during a two-hour meeting Monday night he’s unwilling to settle on an insufficient coronavirus aid package after they pitched their slimmed down $618 billion proposal that’s a fraction of the $1.9 trillion he is seeking.
It’s a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more.
Before the pandemic, 14.6% of all Latina workers in the U.S. worked in the hospitality sector, according to the Economic Policy Institute. Two such workers who lost their jobs during the health crisis share their experiences.