Illinois' unemployment rate decreased to 4.9% in October and nonfarm payrolls increased by 3,400 jobs over the month. October's monthly payroll drop kept over-the-year job growth well below the national average. While Illinois job growth has had its ups and downs, since the beginning of the year, the 3-month trend shows an increase of 1,900 average monthly job gains from May to October
Illinois' big yellow engine maker is looking to make something a bit smaller. Caterpillar yesterday announced plans to get into the utility vehicle market. The first model looks like a heavy duty golf cart that can carry up to one thousand pounds. Cat hopes to get the vehicles to dealers by next year. The new utility vehicles will be made in Minnesota as part of a deal between Cat and Textron Specialized Vehicles.
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