(SPRINGFIELD) Weak economic growth is expected to continue in rural parts of ten Plains and Western states, however all the recent trade disputes may shrink profits. The Creighton University report shows the new tariffs are hurting grain prices, which were already weak, as the overall economic index for the region declined to 53.8 in July from June’s 56.1. This score still suggests growth because it is above 50 points, while any score below 50 indicates a shrinking economy. The survey included bankers from Illinois, Missouri, Minnesota, Iowa, Kansas, South Dakota, North Dakota, Nebraska, Wyoming, and Colorado.
(SPRINGFIELD) The Illinois Department of Employment Security (IDES) announced yesterday that the unemployment rate held steady at 4.3 percent in June and nonfarm payrolls increased by some 1,800 jobs. The numbers show job growth in Illinois accelerated in the April to June period. The three industry sectors with the largest over-the-month gains in employment in June were Government, Leisure & Hospitality, and Professional & Business Services. The sectors with the largest payroll declines were Transportation, Trade, & Utilities, Information Services, and Mining. While Illinois’ unemployment rate in June is three tenths of a percentage point (0.3) higher than the national rate, the state’s joblessness rate is down six tenths of a percentage point (0.6) from a year ago when it was 4.9 percent.
(WASHINGTON, D.C.) The Illinois Farm Bureau has announced their support of three lawmakers from the Land of Lincoln being named to the U.S. House-Senate conference committee on the Farm Bill. Illinois Farm Bureau President Richard Guebert, Jr. says “The Illinois Farm Bureau is pleased that the U.S. House has taken another step toward passing the next farm bill by naming U.S. Representatives John Shimkus, Rodney Davis, and Cheri Bustos to serve on the farm bill conference committee.” Our downstate U.S. Representative John Shimkus from Collinsville says “As the representative of one of the top corn, bean, and pork producing districts in the country, I’m honored to serve on this year’s Farm Bill conference committee. This will give a greater voice to the interests of our state and the 15th Congressional District.”
(SPRINGFIELD/DU QUOIN) The Illinois State Fair and Du Quoin State Fair still has tickets available for their respective grandstand shows. Running from August 9 through 19 in Springfield, the Illinois State Fair grandstand lineup includes artists such as Boy George and Culture Club with Thompson Twins’ Tom Bailey, Foreigner with Joan Jett and the Blackhearts, the Dueling Pianos, Luke Combs with Ashley McBryde, Brett Eldredge, and Brantley Gilbert. Illinois’ second state fair in Du Quoin is August 24 through September 3 with a grandstand lineup including Blackberry Smoke with Bishop Gunn, Cheap Trick, the Dueling Pianos, Brothers Osborne with Kendell Marvel, and Phil Vassar with Love and Theft. For tickets and more information about each State Fair, check out their respective websites, go online at www2.illinois.gov/statefair/info and at www.duquoinstatefair.net.