July unemployment rates dropped from a year earlier in all but one of Illinois' 12 metro areas.The state Department of Employment Security said Thursday that the Davenport-Moline-Rock Island area had the lowest unemployment rate at 7.1 percent.
Monday marks 15 years since President Clinton signed an overhaul of the nation's welfare system into law. The president said the measure wasn't perfect, but provided a historic opportunity to fix a system that didn't work."
The stock market is at it again. After bouncing back last week, there was a huge sell-off Thursday.The Dow Jones industrial average lost 419 points — more than 3.5 percent on the day — and once again, Europe's debt crisis was a big factor.
The crisis in Europe is one of the underlying causes of recent wild swings in U.S. stock markets. U.S. bank stocks in particular suffer badly with any sign that Europe's debt crisis might be worsening.But the U.S. financial sector's vulnerabilities in Europe are hard to quantify."