U.S. nonfarm payrolls added 208,000 workers in the month of July, against consensus expectations of 230,000, according to the Bureau of Labor Statistics. The national unemployment rate ticked up to 6.2 percent. However, one of the reasons for the increase is that the number of people in the workforce increased. It is healthy for workforce...
The taxi industry complains endlessly that ridesharing services such as UberX and Lyft are hurting its business. Now an AFL-CIO-affiliated group of Chicago cab drivers is seeking to improve its members’ fortunes by pushing the city to mandate higher taxi fares. But hiking prices doesn’t seem like a good way to save an industry that...
Since the Great Recession began, Illinois’ workforce participation has dropped more than that of any other state in the Midwest. That means that working-age Illinoisans have given up and left the workforce more rapidly than in surrounding states. A full 3.9 percent of Illinois’ adult population has quit the workforce since January 2008. The state’s...
Perusing Gov. Pat Quinn’s website, one can easily find calls for increasing Illinois’ minimum wage to $10 from $8.25. Just a few clicks away is an application to work for the governor, full time: for free. If Quinn did what he says he wants every Illinois employer to do – pay these workers $10 an...
Illinois needs to pass a law to create space for this financial innovation, allowing families to invest in local businesses through crowdfunding.
In June, Illinois suffered the largest monthly workforce loss in recorded state history. June’s workforce loss was worse than the worst month of the Great Recession. Overall, 21,700 Illinoisans gave up and left the workforce in June; in September 2008, 17,500 Illinoisans quit the workforce. (Bureau of Labor Statistics data go back to 1976.) This...
The state of Illinois received a near-failing grade for the quality of its natural-hair-braiding licensing rules, according to a new study released by the Institute for Justice. The study overviews natural-hair-braiding (a popular beauty practice among African and African-American communities in the U.S.) regulations in every state in the country, ranking each one based on...
The Illinois Department of Public Health is posed to release new, stricter regulations on the sale of raw milk in Illinois this month, several media outlets report. But many small-farm operators are concerned they won’t be able to meet the new standards. Raw milk sales have only been growing more popular in recent years, and...
How much political influence should you need to get a liquor license in Chicago? The Chicago Sun-Times highlighted the role of “clout” in helping Pete’s Fresh Market, a grocery chain opening a new location on Chicago’s underserved West Side, get one. On its face, the article is a critique of how well-connected people use political ties...
Chicago needs entrepreneurs. But too often, the city slows them down or chases them out of town. The “City that Works” doesn’t work for startups. A simple process is necessary so that startups in Chicago can get off the ground and start working, hiring and paying taxes. One good place to start is to make...
Popular ridesharing company Uber is ready to add 425 new jobs in its Chicago office – but only if Gov. Pat Quinn vetoes a bill recently passed by the Illinois General Assembly that would impose burdensome restrictions on ridesharing services and their drivers. Some businesses tell the state government that they will only create jobs...
Two Illinois businesses have announced they will leave for Indiana since the start of July. One of them, ironically, is named after the state of Illinois. Illini Hi-Reach is a rental provider of industrial equipment. Illini announced on July 2 that it will move its corporate headquarters from Lemont, Ill. to Crown Point, Ind. Less...
Sara Travis loves Chicago. She’s lived here her whole life. When Sara decided to start her own business, there was no question that she would set up shop in her hometown. Sara founded The Brew Hub, a mobile coffee-vending business that sells iced coffees and teas, in June 2013. But she encountered endless obstacles to becoming...
When Sara decided to start her own business, there was no question that she would set up shop in her hometown.