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GM in Wentzville
4:42 pm
Mon May 21, 2012

General Motors expanding production at Wentzville plant

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Credit (UPI/Bill Greenblatt)
Missouri Governor Jay Nixon (C) is joined by representatives of General Motors and leaders from General Motors' Wentzville Assembly Plant, for the official groundbreaking of a $380 million expansion project on May 21, 2012.
Credit (Adam Allington/St. Louis Public Radio)
A Chevrolet Express van nears completion on the assembly line in Wentzville, Mo. in 2009. Today plans were announced to expand the facility.
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General Motors broke ground on Monday for a new $380 million expansion to its Wentzville Assembly Plant.

When GM declared Chapter 11 in 2009 the Wentzville plant was subject to talks of being shut down. Few people envisioned a day like today when the company would be adding 500,000 square feet to Wentzville.

The company says the move will create some 1,000 new jobs, with priority given to workers from the soon-to-be closed plant in Shreveport, La.

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Unemployment Rate
12:32 pm
Thu May 17, 2012

Illinois jobless rate drops but job growth slows

Credit (via Flickr/KellyB)
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Updated at 3:23 p.m. with Associated Press correction. Government hiring was not down in April.

Unemployment across Illinois dropped in April for an eighth straight month, but job growth all but stalled.

The Illinois Department of Employment Security said Thursday that statewide unemployment fell to 8.7 percent. That's down a tenth of a percentage point from 8.8 in March. The national jobless rate was 8.1 percent.

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Economy
2:52 pm
Fri May 11, 2012

Carnahan says changes coming for Postal Service

Credit (Official Photo)
St. Louis Congressman Russ Carnahan.
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The U.S. Postal Service is on track to run out of cash as early as October.

The agency has temporarily shelved plans to close some 3,700 underperforming post offices. 

The Postal Service has been hurt by the drop in first-class mail as more people switch to the Internet to communicate and pay bills.

But St. Louis Congressman Russ Carnahan says the agencies’ biggest problem stems from a requirement to prepay health benefits for future retirees.

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