Cedar Rapids jobless rate dips to 4.2 percent in October
Cedar Rapids employed residents rose to 142,000 in October up 900 from September as the jobless rate fell to 4.2 percent. Gains led by educational and health services with 400, trade and warehousing 30, professional and business services 200, manufacturing 100, and other services 100. Iowa City unemployment held at 3 percent in October with nonfarm employment up 800 to a record 96,700. The Iowa unemployment rate eased to 4.6 percent, with 1,583,300 Iowans employed, a year-over-year rise of 35,700.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
Iowa City
FDIC: Bank profits fall in Q3 on litigation costs
The FDIC reports U.S. banks earned 36 billion in the third quarter, a 3.9 percent drop from a year earlier due to higher legal expenses and weaker mortgage revenue. JPMorgan Chase booked a 7.2 billion charge amid probes and a record 13 billion mortgage settlement. Home loan balances fell 0.7 percent as refinancing slowed, with loan-loss reserves at 5.8 billion. Iowa banks earned 614 million as assets rose to 71.7 billion. 3.3 percent were unprofitable on Sept 30.
MENTIONED IN THIS ARTICLE
U.S
Federal Deposit Insurance Corp
FDIC
Martin Gruenberg
Gruenberg
James Chessen
American Bankers Association
Iowa
Black Friday shifts earlier as retailers open Thursday
Retailers including Kohls Toys R Us Target Walmart J C Penney and Macy s plan Thanksgiving openings as hol iday deals push shopping earlier. Experts say Black Friday remains the largest retail holiday but early starts cut into the traditional weekend surge.
MENTIONED IN THIS ARTICLE
the Gazette
Lindale Mall
Target
National
Kohls
Toys R Us
Walmart
J.C. Penney
Macy’s
Ron Prescott
Iowa State University
Aleman
Mississippi River shut after fuel spill near Le Claire
The Mississippi River remains closed for eight miles near Le Claire after a sunken boat carrying up to 100000 gallons of diesel and lube oil. Coast Guard says 3000 feet of boom deployed and the Army Corps assesses reopening as grain shipments rely on the river for exports.
MENTIONED IN THIS ARTICLE
Mississippi River
le Claire
U.S. Coast Guard
Davenport
Army Corps of Engineers
Coast Guard
Bobby Nash
Midwest Farms
Gulf of Mexico
U.S
Gulf Coast
Also Mentioned on This Page
George C. Ford
George.ford
Sourcemedia.net
Chelsea Keenan
Laura Smarandescu
ISU
Smarandescu
Chelsea
Mississippi
Holmesmurphy.com
Employer Benefit Services, Ltd
River Ridge Drive
Westown Parkway
Des Moines
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