The Illinois Department of Employment Security, or IDES, announced today that the Illinois unemployment rate declined to 9.3 percent in April from 9.5 percent in March. Illinois’ unemployment rate is still nearly two percentage points above the national average, which declined to 7.5 percent in April. Source: Illinois Department of Employment Security The decline in the...
by Ted Dabrowski Food-stamp use rose 2.7% in the U.S. in February from a year earlier, with 15% of the U.S. population receiving benefits. The number of recipients in the food stamp program, formally known as the Supplemental Nutrition Assistance Program (SNAP), reached 47.6 million, or nearly one in seven Americans. With more...
Earlier this month, Caterpillar Inc. announced an additional 300 employees will be laid off at the Decatur plant. The latest layoffs would take effect in July. The announcement comes a month after the manufacturer said 460 workers would lose their jobs effective in June. Unemployment in the Decatur metro area is 11.8 percent. Illinois has the...
by Ted Dabrowski Illinois has the nation’s second-worst unemployment rate. At 9.5 percent, it’s two percentage points higher than the national average of 7.5 percent. That gap translates into lost opportunities and struggle for the many Illinoisans who wish to be gainfully employed. Nearly 130,000 more Illinoisans could be working today if Illinois employed people at the...
by Ted Dabrowski Illinois politicians can’t hide from their decade-long policy failures. Jobs are scarce, as evidenced by the state’s 9.5 percent unemployment rate. That’s second worst in the nation, according to the Bureau of Labor Statistics. The state’s finances are in shambles and Illinois now pays the highest penalty rate for borrowing when compared to other states....
Ted Dabrowski John Klingner The U.S. Bureau of Labor Statistics announced today that the national unemployment rate declined to 7.5 percent in April from 7.6 percent in March. Total nonfarm payroll employment rose by 165,000 in April, up from a revised 138,000 payroll jobs in March. source: U.S. Bureau of Labor Statistics This amount of job creation...
Sunshine State offers Illinois businesses a brighter future
The Illinois Department of Employment Security announced today that the Illinois unemployment rate remained at 9.5 percent in March. Three months ago it was 8.6 percent.
Texas Gov. Rick Perry wrote a letter to businesses in Illinois, offering them a way to escape the states dire fiscal mess and punishing business climate move to Texas.
The study, drawing upon data from more than 7,000 small business owners, provides new insights into state and local business environments across the nation.
Caterpillar Inc., one of the dozens of companies to receive special tax breaks after Illinois record 2011 income tax hike, recently announced plans to lay off more than 460 employees this June at its plant in Decatur.
The US economy created only 88,000 jobs in March, according to the Bureau of Labor Statistics. The market was expecting approximately 200,000 new payroll jobs.
The Federal Reserve Bank of Philadelphia announced that Illinois is one of two states that experienced economic decline during the past three months
The latest BLS unemployment release once again highlights how poorly Illinois is faring compared with its neighbors and the nation as a whole. Illinois’ January unemployment rate jumped to 9 percent, a 0.4 percent increase over December’s rate. Illinois now has the seventh-highest unemployment rate in the nation, with nearly 600,000 Illinoisans unemployed. Meanwhile, the...