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Bloomington-Normal's unemployment rate held steady last month, as the area added 1,400 jobs since last April.
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The Bloomington-Normal area labor market grew by 2,900 jobs from March of last year to the same month this year, but other central Illinois cities also had big job gains over the 12-month period.
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There are likely to be more bank failures in the next couple years. That’s according to Ajay Samant, dean of the College of Business at Illinois State University.
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Unemployment in Bloomington-Normal held steady at 4% over the last year, despite adding 4,500 jobs.
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Bloomington-Normal's labor force grew by 2,600 jobs in the last year as the unemployment rate dropped. State labor data show the Bloomington-Normal labor market area has the lowest unemployment in the state at 3.1%.
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Bloomington-Normal added 3,200 jobs over the last year, while the unemployment rate rose slightly.
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Job gains in government, retail trade, and educational and health services helped reduce Bloomington-Normal's unemployment to the lowest in Illinois.
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Unemployment dropped half a point in Bloomington-Normal last month. The Twin Cities is tied with the Quad Cities for the lowest jobless rate in the state at less than 3.4%, according to state labor data.
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Illinois Gov. JB Pritzker said he's open to tweaking the Safe-T Act that will do away with the cash bail system in the state starting in January. "The Safe-T Act is about keeping people safe all across our state, keeping murderers, rapists, and domestic abusers in jail, not letting them buy their way out, which is the system that we had," he said.
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The Illinois Department of Employment Security says the July unemployment rate was 4% for the Bloomington Normal area.