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Since the pandemic, Illinois ranks 47th in the country in job growth and last among all neighboring states in job growth rate with only 1,200 more jobs than were available in January 2020, making ...
John Deere announced it will lay off about 600 employees across three US factories as the Illinois-based company shifts production to a newly planned facility in Ramos, Mexico.
An estimated $27 billion of the increase was due to the $600/week increase in unemployment benefits due to the CARES Act. [20] On May 20, 2021, the Labor Department reported that there had been only 444,000 unemployment claims during the previous week, the lowest number since the beginning of the pandemic. [21]
Manufacturing in Illinois accounts for 14% of the state's total output and generates $101 billion in economic activity. [15] Illinois's manufacturing sector grew out of its agricultural production. A key piece of infrastructure for several generations was the Union Stock Yards of Chicago, which from 1865 until 1971 penned and slaughtered ...
A factor that will also leave its mark on the supply chain is the global inflation rate. In 2021 it was projected to reach an inflation rate of about 4% to 5% [24] percent but exceeded expectations and the global inflation rate ranges from 7% to 8% currently (June 2022). [25]
When the coronavirus pandemic hit the U.S. last year, major brands scrambled to cancel some $40 billion worth of orders of apparel from overseas factories. But as many of the same brands recover ...
Regarding unemployment, Switzerland saw a moderate rise in its unemployment rate during the pandemic. The unemployment rate remained relatively stable through early 2020, but by the end of the year, it increased from 4.4% in February 2020 to 5.1% in December 2020, reflecting the economic challenges posed by the crisis. [ 373 ]
Some 76,000 Illinois residents received $123 million in excess regular unemployment benefits since the pandemic hit, and they may be able to keep the money — as long as they haven’t already ...