Economy

Economy & Business news

Unemployment fell slightly in the Quad Cities last month - down one-tenth of one per cent during the past year, to 3.5 per cent in May.

WVIK News

All the estimates aren't in yet, but the flood of 2019 is going to cost us all a lot of money.

Talks are scheduled to resume this week between Arconic and the United Steelworkers Union, afffecting about 1,900 hourly workers at the plant in Riverdale. 

https://ipsco.com/facilities/camanche-ia/ / TMK IPSCO

Later this summer, more than one-hundred people who work for a plant in Camanche will have to look for new jobs. 

The city of Keokuk will have to spend more money than anticipated on some planned renovations to the proposed Southeast Iowa Development Center, which will be located at 1417 Exchange Street.

Michelle O'Neill / WVIK News

The factory on Arsenal Island is now working with a private company to make ambulance kits for the military. This morning, officials held a ceremony to announce the new partnership between the Joint Manufacturing and Technology Center (JMTC) and AM General.

WVIK News / WVIK News

As the Mississippi River continues to drop, FEMA has a couple of reminders for flood victims and others.

Steelworkers Local 105

Workers at one of the Quad Cities largest employers are willing to go on strike if they can't agree on a new contract. Thursday members of Local 105 of the Steelworkers Union, who work at the Arconic plant in Riverdale, approved a strike authorization for their leaders.

There was little change in unemployment in the Quad Cities last month. The Illinois Department of Employment Security says the rate moved up just one-tenth of a per cent - from 3.8 per cent a year ago, to 3.9 per cent in April.

Dressbarn

Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores. And that includes 10 in Iowa and 27 in Illinois.

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