Jobs
In 2017, federal and state leaders heralded a massive new factory in southern Wisconsin to be built by Taiwan-based electronics manufacturer Foxconn. The facility was supposed to create thousands of jobs and spur economic development, but a new book argues those promises have come up short.
The $1 trillion infrastructure plan was signed into law by President Joe Biden. Nationwide, the plan will send billions to state and local governments for long-needed upgrades. 17 billion of those dollars are headed to Illinois, adding to the 45 billion the state is already spending on infrastructure thanks to the 2019 Rebuild Illinois bill.
Mayor Lori Lightfoot said getting a casino off the ground in Chicago will “usher in a new and exciting era for our city.”
The latest proposed contract maintains the 10% immediate raises that the last deal offered, and it makes what the United Auto Workers union called modest changes to the details of Deere’s internal incentive pay program for workers.
In September, 4.4 million people left their jobs, according to the latest data from the U.S. Bureau of Labor Statistics. Some say workers have spent the pandemic reevaluating their priorities and values, leading them to leave their places of work or demand more from their employers.
The United Auto Workers said in a statement Friday night that the proposed contract with the agricultural machinery giant “includes modest modifications" to the latest rejected proposal, which included immediate 10% raises.
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation’s workforce. That’s up from 4.3 million in August.
Friday’s report from the Labor Department also showed that the unemployment rate fell to 4.6% last month from 4.8% in September. That is a comparatively low level though still well above the pre-pandemic jobless rate of 3.5%.
Small businesses and nonprofits grappling with lower-than-expected revenue and higher-than-expected costs have until Nov. 12 to apply for a new round of grants, between $5,000 and $10,000, from the city of Chicago.
The Occupational Safety and Health Administration said companies that fail to comply could face penalties of nearly $14,000 per violation.
Deere executives said Wednesday that the company wouldn’t return to the bargaining table with striking workers because it wouldn’t offer a better contract than one they rejected that included immediate 10% raises.
The union said 55% of its members at the 12 main plants voted against this latest contract offer Tuesday.
Three firms want to build a casino and resort in Chicago, Mayor Lori Lightfoot’s office announced Friday. All five proposals are of a “high-caliber,” Lightfoot said in a statement released by the mayor’s office.
Union workers at Deere & Co. would get wage increases of 10% in the first year and 5% each in the third and fifth years under a tentative contract reached between the farm-equipment maker and the United Auto Workers union.
Revenue jumped 14% to $6.2 billion in the July-September period, the Chicago burger giant said Wednesday. That beat Wall Street’s forecast of $6 billion, according to analysts polled by FactSet.
Women have lost nearly 3 million jobs since February 2020. A look at the barriers facing low-income, working mothers.