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COVID-19 and the Economy

What you need to know about the COVID-19 pandemic's effects on America's economy, and what it means for your finances.

Walmart launches truck driving training program for supply-chain workers, raises driver starting pay to $95K

Walmart launches truck driving training program for supply-chain workers, raises driver starting pay to $95K

Walmart is raising its pay for its 12,000 truck drivers, with the starting salary for new drivers ranging between $95,000 and $110,000 a year. The move comes as the pandemic has caused severe trucker shortages across the country.

April 7, 2022 4:45pm CDT
Democratic, Republican Senate bargainers reach $10B COVID agreement

Democratic, Republican Senate bargainers reach $10B COVID agreement

President Joe Biden settled for much less in the package despite warnings that the government was running out of money to keep pace with the continued spread of COVID-19 in the U.S.

April 5, 2022 9:23am CDT
CDC drops COVID-19 health warning for cruise ship travelers

CDC drops COVID-19 health warning for cruise ship travelers

The Centers for Disease Control and Prevention said that they will leave it up to vacationers to decide whether they feel safe getting on a ship. The cruise-line industry is happy about the move.

March 30, 2022 4:28pm CDT
Chicago family-owned restaurants continue to fight for COVID-19 funding

Chicago family-owned restaurants continue to fight for COVID-19 funding

The Chicago Restaurants Coalition says that only 36 percent of restaurants that applied for COVID grants received money last summer.

March 16, 2022 4:23pm CDT
Illinois hotel industry asking for federal bailout funding, warns hotels could close

Illinois hotel industry asking for federal bailout funding, warns hotels could close

Chicago's hotels had fewer guests in January than any other market in the country, and now they want state lawmakers to bail them out before it's too late.

March 8, 2022 6:22pm CST
Impact of Russian oil import ban on US economy
video

Impact of Russian oil import ban on US economy

March 8, 2022 4:25pm CST
February jobs report: US added 678,000 jobs in sign of economic health

February jobs report: US added 678,000 jobs in sign of economic health

U.S. employers added 678,000 jobs in February 2022 as omicron cases eased and unemployment fell to 3.8%.

March 4, 2022 8:07am CST
Guaranteed income pilot program coming for suburban Cook County residents

Guaranteed income pilot program coming for suburban Cook County residents

Thousands of financially struggling residents across the suburbs will be able to apply to take part in a guaranteed income pilot program that will be funded by $42 million in federal COVID-19 relief funds.

March 3, 2022 12:55pm CST
Chicago's new debt relief program to help drivers with old tickets

Chicago's new debt relief program to help drivers with old tickets

Chicago will launch a new debt relief program next month to help drivers who have racked up tickets.

February 24, 2022 4:54pm CST
Chicago's rich history of department stores chronicled in new book
video

Chicago's rich history of department stores chronicled in new book

February 22, 2022 9:35am CST
US inflation report: Consumer prices jumped 7.5% in past year, a 40-year high

US inflation report: Consumer prices jumped 7.5% in past year, a 40-year high

U.S. inflation jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.

February 10, 2022 1:27pm CST
Antioch business celebrating 50th anniversary, due in part to pandemic

Antioch business celebrating 50th anniversary, due in part to pandemic

Fischer Paper Products in Antioch celebrated its 50th birthday on Wednesday and while you might not know the company’s name, you’ve almost certainly used their products.

February 9, 2022 5:20pm CST
Illinois restaurant owners push for federal money to save their businesses, jobs

Illinois restaurant owners push for federal money to save their businesses, jobs

On Monday, restaurant leaders delivered letters to senators Tammy Duckworth and Dick Durbin, Governor JB Pritzker, and Mayor Lori Lightfoot.

February 7, 2022 4:51pm CST
US job growth soars past expectations with 467,000 added, shaking off omicron surge

US job growth soars past expectations with 467,000 added, shaking off omicron surge

U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.

February 4, 2022 1:55pm CST
Companies allow people to opt-out of Valentine’s Day emails

Companies allow people to opt-out of Valentine’s Day emails

As interest in celebrating Valentine’s Day gradually declines, companies are giving consumers a chance to opt-out of those marketing emails that seem to bombard your inbox any time a holiday approaches.

January 28, 2022 7:20pm CST
Unemployment claims drop for the first time in a month

Unemployment claims drop for the first time in a month

The Labor Department reported Thursday that jobless claims fell by 30,000 to 260,000 last week, slightly less than the 265,000 analysts were expecting.

January 27, 2022 8:13am CST
Unemployment claims climb to 286,000, the most since October

Unemployment claims climb to 286,000, the most since October

Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.

January 20, 2022 10:01am CST
Chicago nonprofit giving away hundreds of thousands of dollars in COVID relief money

Chicago nonprofit giving away hundreds of thousands of dollars in COVID relief money

Help for Chicago small businesses is on the way, thanks to a local nonprofit.

January 17, 2022 9:44pm CST
Illinois Republican Darren Bailey pushes back against criticism regarding federal loan he received

Illinois Republican Darren Bailey pushes back against criticism regarding federal loan he received

The Chicago Tribune reports Bailey received a federal paycheck loan for his family farm for more than $231,000 back in February of last year.

January 14, 2022 9:30pm CST
Inflation soars to highest rate in 40 years
video

Inflation soars to highest rate in 40 years

January 12, 2022 4:44pm CST
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West Humboldt Park fire leaves 10 people hospitalized

West Humboldt Park fire leaves 10 people hospitalized

Cary-Hiroyuki Tagawa, 'Mortal Kombat' actor dies at 75

Cary-Hiroyuki Tagawa, 'Mortal Kombat' actor dies at 75

2025 Holiday Shipping Deadlines: USPS, FedEx, UPS important dates to remember

2025 Holiday Shipping Deadlines: USPS, FedEx, UPS important dates to remember

Chicago weather: Subzero wind chills, fog, and a chance for icy drizzle

Chicago weather: Subzero wind chills, fog, and a chance for icy drizzle

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

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Woman dies after slipping in front of Chicago CTA bus, police say

Woman dies after slipping in front of Chicago CTA bus, police say

Violent crime in Chicago continues to fall, CPD data shows

Violent crime in Chicago continues to fall, CPD data shows

7 charged in Chicago grocery store parking lot drug sales investigation, sheriff says

7 charged in Chicago grocery store parking lot drug sales investigation, sheriff says

Chicago suburb named Illinois' biggest 'boomtown' in new study

Chicago suburb named Illinois' biggest 'boomtown' in new study

‘They beat me’: Chicago mother says 6-year-old brutally bullied as school withholds video

‘They beat me’: Chicago mother says 6-year-old brutally bullied as school withholds video

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