Though unemployment rates fell in August for Illinois’ major metropolitan areas, 19,000 workers dropped out of the workforce, according to the Bureau of Labor Statistics. Because of these dropouts, the workforce shrank in every metropolitan statistical area, or MSA, except Champaign-Urbana. Workforce dropouts drive down the unemployment rate because unemployed workers who leave the workforce...

A day after the Illinois Department of Employment Security reported that Illinois’ workforce shrank by 19,000 people in August, driving Illinois’ labor-force participation rate to a new 35-year low, new data from the Bureau of Labor Statistics confirms the severity of the state’s labor-force dropout crisis. The labor-force participation rate measures the share of Illinois’...

U.S. nonfarm payrolls added 142,000 jobs in August, against consensus expectations of 230,000, according to the Bureau of Labor Statistics. August marked the worst month of job creation in 2014. Average monthly job creation so far this year is 215,000. The national unemployment rate ticked down to 6.1 percent, because only 16,000 unemployed Americans found...

The unemployment rate fell in all of Illinois’ metropolitan statistical areas in July, according to a press release from the Illinois Department of Employment Security. In fact, unemployment rates have fallen in all metro areas for four consecutive months, which seems like welcome news. But these numbers are only encouraging at face value. As is...

Illinois is dead last of all 50 states in recovering from the Great Recession – and two economic surveys prepared each month by the Illinois Department of Employment Security, or IDES, and the U.S. Bureau of Labor Statistics prove it. The BLS and IDES surveys track employment and jobs growth in Illinois: both household surveys...

Illinois’ 2011 income tax hike put the brakes on the state’s private-sector jobs recovery. According to data from the Bureau of Labor Statistics, Illinois’ monthly job creation has slowed down since the state’s historic 2011 tax hike. Meanwhile, the rest of the country accelerated its jobs growth. Job losses from the Great Recession began for...

Illinois’ labor force shrank by 17,100 people in July, according to a release from the Bureau of Labor Statistics. BLS also reported that the state’s unemployment rate fell to 6.8 percent from 7.1 percent. However, the entire decline in the July unemployment rate came as a result of workers quitting the workforce. This grim news...

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...

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...