US labor report Many analysts are challenging the 0.3 percentage point drop in the nation’s September unemployment rate released this morning by US Bureau of Labor Statistics. The BLS announced the unemployment rate dropped to 7.8 percent from 8.1 percent in August. The unemployment rate, which is now below 8 percent for the first time...
Today there are 5 million fewer people participating in the labor force than when President Obama took office in January 2009. That
How has Illinois performed under President Obama?
The nation’s unemployment rate increased to 7.9 percent in October from 7.8 percent in September, according to the Bureau of Labor Statistics. If that number is a reflection of the country’s anemic recovery, consider the implications of Illinois’ 8.8 percent unemployment rate in September. There are more than 580,000 Illinoisans formally out of work. And these...
Illinois’ state debt: Illinois’ total state debt is $271 billion Illinois’ state debt has ballooned to $51,000 per household Illinois has roughly $9 billion in unpaid bills Illinois will spend more on pensions than on education by 2016 Illinois’ economic performance: Illinois is 47th in job growth Illinois is 48th in economic outlook Illinois is 48th in...
For the third straight month, Illinois' unemployment rate climbed. More than 9.1 percent of Illinoisans are now unemployed, a full percentage point higher than the national average of 8.1 percent, according to the Bureau of Labor Statistics.
Illinois’ July unemployment rate hit 8.9 percent, up from 8.7 percent in June, the second consecutive monthly increase. Thirty-nine states have a lower unemployment rate than Illinois. According to the U.S. Bureau of Labor Statistics, Illinois’ labor force is roughly 6.5 million people. More than half a million of them are unemployed. This is a...
Chicago has the worst entrepreneurship rate among the 15 largest metropolitan areas in the country.
As the graphic shows, the rate of entrepreneurship in Illinois has been below the national average every year since 1996 except for 2001. The Kauffman Foundation entrepreneurship index measures the percentage of adults ages 20 to 64 that start a new business each month and work 15 or more hours per week. It’s measured across all 50...
Illinois has felt the bite of the Great Recession more than most states. Our unemployment rate increased to 8.7 percent in June, the highest in the Midwest and 10th highest in the nation. Lawmakers should be doing all they can to make opening a business easier. But in Evanston, Illinois, they are imposing needless restraints....
by Andrew C. Quinn “Take a risk! Be bold! Blaze your own trail!” We college students, along with recent graduates, constantly hear these commands to forge our own path through these uncertain times. Commencement speakers, counselors, columnists and family friends all repeat the conventional wisdom that entrepreneurial flexibility is now a prerequisite for success. Gone,...
by Lawrence J. McQuillan, PhD Chief Economist As the graphic shows, the rate of entrepreneurship in Illinois has been below the national average every year since 1996 except for 2001. The Kauffman Foundation entrepreneurship index measures the percentage of adults ages 20 to 64 that start a new business each month and work 15 or more hours...
On August 7, 2012, the Liberty Justice Center filed a lawsuit challenging the constitutionality of a City of Evanston ordinance that exists only to protect established restaurant owners from the legitimate competition that food trucks would bring to the C
The average Illinoisan works 208 days to pay the cost of government July 26 is Illinois’ Cost of Government Day, the date of the calendar year on which the average Illinois worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal,...