Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives
Unemployment down
The unemployment rate in Illinois has dropped to its lowest point since July 2023.
The Illinois Department of Employment Security announced the August rate of 4.4%, based on preliminary data from the U.S. Bureau of Labor Statistics.
Total nonfarm payrolls decreased by 13,300 last month. Compared to a year ago, nonfarm payroll increased by 5,900 jobs.
Rivian supplier gets tax incentives
With support from Illinois tax incentives, OPmobility plans to establish their first Illinois facility in Normal to assemble bumpers for Rivian’s R2.
Gov. J.B. Pritzker’s office announced the company plans to create 81 new full-time jobs. The Rivian R2 will be available to consumers in 2026.
Bank executive sentenced
A judge has sentenced the former second-in-command of the Bank of O’Fallon to five years and three months in prison after he pleaded guilty to federal fraud charges.
Andrew P. Blassie, 70, of St. Louis, was also ordered to pay more than $2.4 million in restitution.
Mostly Sunny
Latest News Stories
Cook County taxpayers face projected $550.7 million deficit
Further Middle East unrest dominates tense delay of peace deal signing
Illinois Quick Hits: Economic development summit set for next week
California legislator accuses Newsom of violating state code
Op-Ed: What is the Declaration of Independence?
Illinois sees biggest drop in gas prices nationwide, still above $4 average
Democrats run against DeGette in Denver congressional race
Minnesota special districts report $5.4B debt, federal aid declines
Federal panel proposes new definition for sports betting
Illinois Venezuelans face economic ‘double whammy’
Ohio’s social media parental consent law allowed to go forward
HUD secretary discusses housing affordability during Michigan visit
