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.
Latest News Stories
WATCH: Illinois’ FY23 financial audit released amid criticism of tardy reports
European Union says U.S. consumers will end up paying tariffs
Illinois quick hits: Anti-SLAPP bill signed; Chicago schools settles meditation case
U.S.-EU trade deal includes ceiling for European pharmaceutical imports
Supreme Court allows Trump to block DEI funding
Director: Nation’s largest outdoor ag show brings economic impact to central IL
Personnel cuts to national intelligence office will save taxpayers $700 million
Redistricting would split cities, counties throughout CA
Pritzker: Fair maps in Illinois would be ‘disarming’ to Democrats
NY appeals court overturns Trump’s civil fraud penalty
States sue over Victims of Crime Act grant funding
White House backs off hefty EU tariff threats, EU eliminates industrial tariffs
