Despite the fact that unemployment in Illinois has dropped over the last 12 months, with job gains seen in many metro areas across the state, both Peoria and Kankakee have lost hundreds of jobs in the same period. In 2018, Peoria unemployment rates were at 4.1 percent with an estimated 7,300 Peoria residents unemployed. The lack of job growth over the last 12 months puts a further financial strain on residents in Peoria and surrounding areas. Some job losses in the area coincided with the … [Read more...]
Caterpillar Employees Receive Layoff Notices | Peoria Illinois bankruptcy lawyer
As part of Caterpillar's planned workforce reduction, an undisclosed number of employees in Peoria received layoff notices earlier this week. Although the company says they are committed to helping impacted employees transition to other jobs within or outside the company, for many families who are stretched thin as it is, the impact of being out of work even for a short period of time will prove difficult. Not surprisingly, unexpected layoffs across the country have resulted in many … [Read more...]