jobs

7 of 10 Illinois metro areas are not recovering at all

By Michael Lucci
11/03/2014
Unemployment rates fell for most of Illinois’ metropolitan statistical areas in September, according to a press release from the Bureau of Labor Statistics. However, seven out of 10 Illinois metro areas are not showing any signs of an economic recovery when it comes to putting people back to work. Champaign, Chicago and Springfield are showing...

TAGS: Chicago, jobs

Illinois payrolls increase, manufacturing declines

By Michael Lucci
10/21/2014
The Illinois unemployment rate fell to 6.6 percent from 6.7 percent in September, according to today’s economic release from the Bureau of Labor Statistics. The number of payroll jobs in Illinois increased by 19,300 in September, the sixth-best monthly increase in the last 10 years. Illinois’ workforce grew by 5,800 in September, the first month...

TAGS: jobs

Post-recession pain points in Illinois: a breakdown

By Michael Lucci
10/20/2014
From the beginning of the Great Recession in January 2008 through August 2014, Illinois is still down 157,100 payroll jobs, more than any other state in the U.S. Some sectors of Illinois’ economy have recovered completely, while others remain dramatically below pre-recession levels. Manufacturing and construction have had it the worst through the recession era,...

TAGS: jobs, private sector, public sector

Chicago taxi reforms don’t make up for lack of business freedom

By Bryant Jackson-Green
10/17/2014
On Sep. 30, Chicago Mayor Rahm Emanuel’s office announced the “2014 Taxi Driver Fairness Reforms,” which purport to be major improvements that “[put] thousands of dollars back into [Chicago taxi drivers’] pockets” and “[cut] bureaucratic red tape” these drivers have to navigate. The reforms, some of which will need to be passed in a new...

TAGS: jobs

Illinois’ symbolic first step – cut LLC fees

By Michael Lucci
10/12/2014
Small businesses and innovators are the lifeblood of any economy, and Illinois needs reform to encourage them to locate in Illinois. Small businesses are responsible for two-thirds of all new jobs created in the last 20 years. The disincentives for entrepreneurs to locate in Illinois are systemic, and thus require systemic solutions. An agenda for...

TAGS: jobs, LLC fees

Months after new regulations imposed, pedicabs struggle

By Bryant Jackson-Green
10/10/2014
Four months ago, Chicago passed an ordinance regulating the city’s burgeoning pedicab industry. What’s been the effect so far? By many accounts, business has taken a major hit. Before the ordinance, it was estimated that Chicago had as many as 400 pedicabs operating throughout the city. But since the ordinance took effect, the city has...

TAGS: jobs, pedicabs

Illinois’ recovery is still 7 years away

By Michael Lucci
10/07/2014
The Great Recession knocked 500,000 Illinoisans out of work from January 2008 to November 2009, according to the Bureau of Labor Statistics’ household survey. And since then, only 200,000 Illinoisans have gone back to work. This stands as one of the country’s slowest recoveries. As a result, Illinois has 300,000 fewer people working today than...

TAGS: jobs, unemployment