There are now 1.06 million more Americans working than when the recession began. In comparison, there are 232,000 fewer Illinoisans working over the same time period, the second-largest employment gap in the U.S.
Had Illinois managed the recession and recovery on par with the rest of the U.S., there would be an additional 300,000 Illinoisans working today, and an additional 220,000 payroll jobs.
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...
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...
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...
The U.S. hit a major milestone in September. According to the Bureau of Labor Statistics household survey, the number of Americans working has finally surpassed pre-recession levels. In addition, the national jobless rate fell to 5.9 percent to 6.1 percent. The number of Illinoisans working, however, is far from recovery. There are now 220,000 more...