Wednesday, January 30, 2013
Unemployment rates in Illinois increased slightly from November 2012 to December but are still down compared to the the end of 2011, according to new figures released last week.
Unemployment rates in Illinois increased slightly from November 2012 to December but are still down compared to the end of 2011, according to new figures released last week. November local unemployment rates fell in nine of 12 metro areas compared to last year, according to data released by the U.S. Department of Labor and the Illinois Department of Employment Security. "The most pressing challenge to our economic progress is the uncertainty tied to Congress, the debt ceiling and the fiscal cliff," IDES Director Jay Rowell said. "Our economic recovery could be compromised if Congress is not seen as working together to build a solution." IDES generally reports unemployment figures for municipalities with populations of 25,000 or more people…
Monday, January 7, 2013
Unemployment rates fell more sharply from this time last year.
Unemployment rates in Illinois dropped slightly from October 2012 to November, to 8.2 percent, and are a full percentage point compared to 2011, according to new figures released last week. Cook County experienced drops similar to Illinois' during the same time periods. November local unemployment rates fell in 11 of 12 metro areas compared to last year, according to data released by the U.S. Department of Labor and the Illinois Department of Employment Security. "The trend of falling unemployment rates across Illinois shows that our economy continues to improve," IDES Director Jay Rowell said. "The largest challenge to local economic growth is the fiscal cliff. Economic progress could slow at every level and we risk another recession if …
Monday, November 26, 2012
Although unemployment is down from this time compared to last year, numbers slightly increased from September 2012 to October. Figures on Palos-area jobs weren't released but stats are available for the Southland and Illinois.
Unemployment rates in Illinois increased slightly from September 2012 to October, but are still down compared to 2011, according to new figures released last week. October local unemployment rates fell in every metro area compared to last year, according to data released by the U.S. Department of Labor and the Illinois Department of Employment Security. "Falling unemployment rates across our state and the lowest October rates since 2008 show that our steady economic progress continues," IDES Director Jay Rowell said in a news release. "We now look to Congress to address the fiscal cliff. If not resolved, our future economic progress will be in jeopardy." Join the conversation. Like Palos Patch on Facebook and sign up for the breaking news …
Monday, September 5, 2011
Local unemployment rates of 9 to 15 percent make for a lackluster Labor Day.
As we gather this Labor Day to celebrate the social and economic accomplishments of American workers, don’t be surprised if you see one of your unemployed friends or family members white-knuckling it at your backyard barbecue. They may have read the White House’s latest jobs report forecasting continued high unemployment through 2012. In the latest assessment released last Thursday, the White House expects the unemployment rate to end the year at 9.1 percent, Don Lee reported for the Chicago Tribune. Further, a national average of 9 percent unemployment is predicted for 2012 as we head into another election year. According to July statistics, the latest data available, the U.S. Department of Labor's Bureau of Labor Statistics places the …
Bob
3:37 pm on Monday, January 7, 2013
Nick, when are you going to give the whole story? The unemployment rate is "dropping" only because there are fewer people seeking jobs. Our labor participation rate is the lowest it's been in three decades. The job market is FAR worse than it was 4 years ago, just ask any one of those who've given up trying to find a job or the many who are forced to have several low paid part time jobs instead … more ›