Business

Business
2:59 pm
Thu May 17, 2012

State unemployment falls to 8.7% -- lowest since 2009

The April unemployment rate in Illinois fell for the eighth consecutive month to reach8.7 percent, according to federal and state preliminary data released today.

The last time the unemployment rate was below 8.7 percent was February 2009, when it was 8.5 percent, according to the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security.

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Business
11:23 am
Thu May 17, 2012

Postal Service moving forward with plans to close Rockford sorting center

Rockford-area residents at January's USPS hearing about the Rockford sorting facility
Susan Stephens WNIJ

The United States Postal Service announced Thursday that it will soon begin consolidating dozens of mail processing facilities across the country. Part of Rockford's operations will be transferred to the Carol Stream distribution center. The other half will be absorbed by the facility in Palatine.

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Business
6:16 am
Wed May 16, 2012

Local official says property tax trend to continue

DeKalb County treasurer predicts additional rate increases and lower assessments for the next couple of taxing cycles.

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Illinois
11:34 am
Mon May 14, 2012

Around Illinois -- May 14

  • O’Hare cargo deal to create thousands of jobs
  • Will legislature adjourn on time?
  • Student loan rate hike hits Illinois hard
  • Police mark one year in search for boy
  • Ponzi schemer must repay and do time

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Business
10:27 am
Fri May 4, 2012

Web-only: Health care economist discusses financial issues facing Illinois hospitals

Illinois hospitals are bracing for Medicaid reimbursement rate cuts at the state level. This issue entered the spotlight after a Rockford-area health-care provider announced budget cuts. NIU's Jim Ciesla says other hospitals could take similar steps amid uncertainty over state and federal policy matters. 

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Business
8:35 am
Fri May 4, 2012

DeKalb hotel project may prevent business "leakage"

Proposed site of Hampton Inn
Google Maps

Construction is nearing for an 80-room, four-story Hampton Inn along I-88 and Annie Glidden Road in DeKalb. Mayor Kris Povlsen says the hotel may keep visitors from leaving the city to stay overnight in neighboring towns. 

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Business
8:22 am
Fri May 4, 2012

Getting young adults excited about financial jobs

There's a push in northern Illinois to introduce more young people to the world of finance. Some young adults in the Rockford-area will get a chance to learn about such careers. 

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Business
7:31 am
Wed May 2, 2012

Illinois hospitals face struggles to stay on firm financial ground

Rockford-based Swedish American Health System has announced layoffs and job position eliminations to stay in the black,  citing potential reductions to reimbursement rates under the state's Medicaid program. 

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Business
7:39 am
Mon April 30, 2012

Belvidere plant ready to turn out new Dodge Dart

Official production of the new Dodge Dart is being launched in northern Illinois this week.  The model is being assembled at the Chrysler plant in Belvidere. 

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Business
1:17 pm
Thu April 26, 2012

Rockford posts biggest unemployment decline

Unemployment in the Rockford metro area dropped from 13.4 percent in March 2011 to 11.7 percent in March 2012 -- the largest decline in any Illinois metropolitan area – according to a government report released Thursday. Statewide unemployment dropped to 9.0 percent.

Unemployment in the city of Rockford also dropped 1.7 points, but it stands at 12.8 percent this year compared to 14.5 percent in March 2011.

The Rockford metro unemployment rate is the highest in the state. The lowest rate is in the Bloomington-Normal metro area at 6.7%. The DeKalb County rate fell 0.6 point to 8.4%

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