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Business News

First time unemployment filings hold at 217,000

WASHINGTON (UPI) -- The number of people filing initial claims for unemployment benefits last week reached a seasonally adjusted 217,000, the same as the previous week before an upward revision by the Labor Department, federal officials said Thursday. Officially, the number of claims for the week ending Nov. 4 is a decrease after officials revised the original filing for the week ending Oct. 28 up 3,000 to 220,000. The filings are a snapshot that experts watch for to find clues about […]

November 9, 2023 42

Business & Lifestyle

Dow stabilizes after worst sell-off since 2020

The Dow Jones Industrial Average closed up 30.12 Wednesday following the worst sell-off in two years. NEW YORK (UPI) -- U.S. stocks stabilized Wednesday right before the close in an up-and-down trading session following the biggest single-day sell-off in more than two years. After dropping more than 200 points during the final hour of trading, the Dow Jones Industrial Average finished the day up 30.12 to close at 31,135.09. The NASDAQ rose 0.7%, while the S&P 500 added 0.3%. Energy […]

September 14, 2022 17

Automotive News

Rivian subcontractors to pay overtime wages
Penalties to total roughly $315,000

SPRINGFIELD (The Center Square) – Subcontractors for an Illinois-based electric vehicle maker have settled with the state over back overtime wages. Illinois Attorney General Kwame Raoul announced a consent decree with construction subcontractors building a new production line for Rivian Automotive Inc. in Normal. The settlement requires two subcontractors to pay over $300,000 in back wages and penalties to resolve allegations that they failed to pay Mexican laborers overtime wages. The consent decree Raoul filed requires China-based Guangzhou MINO Equipment Co. […]

August 23, 2022 43

National

U.S. adds more than 530,000 jobs in October
Ends two-month labor skid

WASHINGTON (UPI) -- After two extremely disappointing reports in August and September, the Labor Department on Friday said more than a half-million jobs were added to the U.S. economy in October -- soundly beating what most analysts had predicted. The department said in its monthly report that 531,000 jobs were added last month. In the run-up to Friday's report, most economists projected about 450,000 jobs. The official assessment came after the September report flatlined with about 300,000 fewer jobs than […]

November 5, 2021 14

Business & Lifestyle

SMB grants available for Illinois businesses trying to retain employees

CHAMPAIGN (The Center Square) – Small businesses in Illinois trying to stay afloat during the pandemic can now apply for state grants to help avoid layoffs. The funding range for COVID-19 Layoff Aversion grants is $5,000 to $50,000 per employer and physical location. The grant program is funded by the U.S. Department of Labor under the Workforce Innovation and Opportunity Act. To receive funding, employers must document the impact of the emergency on their business and the associated layoff risk […]

May 3, 2020 14

Business News

Pennsylvania jobless claims drop 32 percent, still far above numbers before outbreak

HARRISBURG, Pa. (The Center Square) – For the sixth consecutive week, Pennsylvania has seen massively inflated numbers for new unemployment claims compared to the data from before the onset of the coronavirus crisis. Another 131,282 Pennsylvania residents filed for jobless benefits during the week ending April 25, according to the latest numbers released Thursday by the U.S. Department of Labor. That brings the total for the past six weeks up to about 1.6 million. In comparison, for the week ending March […]

April 30, 2020 12

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