Economy

Economy

Illinois jobless rate continues 6-month decline

SPRINGFIELD, Ill. (AP) — Illinois unemployment fell in August to 6.7 percent, the sixth straight monthly decrease in the state's jobless rate, according to figures released Thursday by the Illinois Department of Employment Security.

Fed keeps rates low, but brace for the inevitable

PAUL WISEMAN, AP Economics Writers
MARTIN CRUTSINGER, AP Economics Writers

Slowdown leads to job cuts at Frasca International

URBANA — Frasca International has trimmed about 14 positions in the last month, largely as a result of a slowdown in orders, company President John Frasca said.

The Urbana-based company, which still employs more than 180, makes flight simulators used to teach pilots how to fly single-engine aircraft, commercial aircraft, passenger airplanes, military training aircraft and helicopters.

Family checkbook: Time addressing expenses is time well-spent

By Kathy Sweedler

Do you ever feel like your money is disappearing and you don't know where it's going? I know many people do!

We can take control of our spending and "find" dollars, but starting can be overwhelming.

A Scottish 'Yes' also means exit from EU, NATO

JOHN-THOR DAHLBURG, Associated Press

U.S. wealth gap putting the squeeze on state revenue

JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — Income inequality is taking a toll on state governments.

Market's a little slow in Stone Creek

URBANA — You can be Illini football coach Tim Beckman's next-door neighbor for $115,000. For a bit less, you can live on athletic director Mike Thomas' street for $100,000.

Don't run to your real estate agent too quickly, though — that will get you a lot, but you'll still have to build the house.

Snuffed Out?

CHAMPAIGN — Don't expect Mahendra Patel to follow the lead of CVS in taking tobacco products off the shelves.

Patel, the manager of University Food and Liquor in Champaign, said cigarettes and other tobacco products account for 15 percent to 20 percent of sales at his convenience store at University Avenue and State Street.

Fitch downgrades RadioShack's credit rating

NEW YORK (AP) — RadioShack's credit rating was downgraded by Fitch Ratings Friday, a day after the electronics retailer warned it may need to file for Chapter 11 bankruptcy protection.

Senior Americans burdened with student debt

KIMBERLY HEFLING, AP Education Writer