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Tag Archives: economy

RURAL VIEW

More people are finding work but job totals in rural America remain below pre-recession levels, says the USDA in “Rural America at a Glance,” an annual digest of the rural economy. “Rural areas continue to experience population loss, higher poverty rates, and lower educational attainment than urban areas.”

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RAUNER STROLLS PROGRESS CITY, TOUTS AGRICULTURE IN ILLINOIS

With the Farm Progress Show as his backdrop, Gov. Bruce Rauner spent Wednesday touting the importance of agriculture in the state and urged lawmakers to do more to help its growth, as reported by the Herald & Review. “Agriculture is the backbone of Illinois’ economy and the No. 1 engine for our prosperity in the… read more

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INTEREST RATE HIKES?

Federal Reserve officials said they are unlikely to start raising short-term interest rates in June at their April policy meeting. Officials have been saying they won’t begin lifting their benchmark federal funds rates from near zero until they see more improvement in the labor market, and are confident inflation will rise toward their 2% target, the… read more

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FOOD STAMP USE DOWN

USDA says the number of people receiving food stamps in the U.S. slipped to the lowest level in almost four years, a sign of an improving economy as well as more stringent qualification rules.

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AG CONTRIBUTIONS

A new study of agriculture in Illinois shows agriculture is a critical component of Illinois’ overall economic well-being, contributing about $120.9 billion of total economic output — more than several other Illinois industries, including the financial, transportation and construction industries.

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UKRAINE RISK

Mohamed El-Erian, the chief economic adviser at Allianz SE, warns that global markets do not fully appreciate the risk posed by the Ukrainian crisis, a conflict which could push Europe into recession.

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BEAR MARKET

Bloomberg News reports Wall Street is finally taking notice of lower commodity prices. The slump in commodity prices to a five-year low signals investors are cautious about the strength of the global economy even as U.S. stocks rise to a record.

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