Economy

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Unemployment Rate
1:27 pm
Thu June 14, 2012

Illinois unemployment rate drops for ninth straight month

Credit via Flickr/KellyB.

Unemployment continued to drop slowly across Illinois in May, partly due to job growth in manufacturing.

The Illinois Department of Employment Security reported Thursday that unemployment fell to 8.6 percent in May. It was the ninth straight monthly decrease and was down from 8.7 percent in April.

The federal government reported earlier this month that the May national unemployment rate was 8.2 percent. That was up slightly from April's 8.1 percent.

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Asian Carp
10:11 am
Thu June 14, 2012

Developers detail planned Asian carp-processing plant in Grafton, Ill.

Updated 5:04 p.m. with more details.

The tiny riverfront community of Grafton, Ill. has announced plans to build a plant to process Asian carp culled from the Mississippi and Illinois rivers.

The plant represents a $5.4 million joint venture between American Heartland Fish in Grafton, Falcon Protein, based in Alabama, and Wuhan Hui Chang Real Estate, a Chinese investment group.

Grafton Mayor Tom Thompson says the new plant will provide a welcome influx of good paying jobs.

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