Illinois’ unemployment rate fell to 7.5 percent from 7.9 percent month-over-month, according to the Bureau of Labor Statistics’ most recent household survey. But there’s no reason to celebrate. Payroll jobs shrank by 2,600, with a loss of 5,400 private-sector jobs and an increase of 2,800 government jobs. The decline in the unemployment rate was driven...
When a state construction project goes up for bid, a union outfit often ends up with the contract. This is one of the seamier aspects of Illinois government. State laws and common practices for bidding are designed to cover up for union firms’ disadvantages and steer projects their way. The unions are always ready to...
After nearly a month’s delay due to the federal government’s shutdown, the Bureau of Labor Statistics announced yesterday that the national unemployment rate edged down in September to 7.2 percent from 7.3 percent one month earlier. Overall, 11.3 million Americans remain unemployed. The U-6 unemployment rate, which includes all workers who are unemployed or underemployed,...
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.