Great Recession

Food-stamp enrollment in Illinois outpaces job creation by nearly 2-to-1

By Michael Lucci
09/16/2014
Illinois’ sluggish jobs recovery is coming at a tremendous cost. For every post-recession job created in Illinois, nearly two people have enrolled in the Supplemental Nutrition Assistance Program, commonly known as food stamps. In the recession era, the number of Illinoisans dependent on food stamps has risen by 745,000. Without adequate job creation in the...

TAGS: SNAP

The disappearance of Illinois’ manufacturing jobs

By Michael Lucci
09/15/2014
Illinois’ manufacturing sector has been hemorrhaging jobs for decades, and policy has a lot to do with it. Since 2004, Illinois has lost 125,000 manufacturing jobs. Most of these losses resulted from the Great Recession – a colossal 117,000 manufacturing jobs were shed from January 2008-January 2010 – but precious few have returned. In the...

TAGS: jobs

Minority employment tanks under Quinn

By Michael Lucci
09/08/2014
Minorities have suffered disproportionately under the failed economic policies of Gov. Pat Quinn. From its pre-recession peak through 2013, the black employment rate has plummeted by 7.1 percentage points, more than any other racial group in Illinois. Fewer than half of black adults are employed in Illinois. And the black male employment rate has been...

TAGS: jobs, unemployment

U.S. recovers, Illinois lags

By Michael Lucci
09/05/2014
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...

TAGS: jobs

Record number of Illinois government workers opt out of pensions, into 401(k)-style plans

By Benjamin VanMetre
09/03/2014
Illinois has the worst-funded pension systems in the nation. But there’s one group of state-government workers that isn’t worried about whether their retirement checks will be slashed. Today, more than 13 percent of all active employees in the State Universities Retirement System, or SURS, participate in a 401(k)-style plan instead of a traditional pension plan...

Illinois metro areas lag behind most others in the nation on jobs recovery

By Michael Lucci
08/27/2014
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...

TAGS: jobs, unemployment

The myth of an Illinois comeback

By Michael Lucci
08/24/2014
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...

Why Illinois is running last

By Michael Lucci
08/21/2014
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...

TAGS: income tax, jobs

Arizona firefighters fight for retirement security

08/20/2014
Given they depend on the nation’s worst-funded pension systems for their retirement security, Illinois’ government workers may want to take a look at how a group of Arizona firefighters are responding to pension-fund problems of their own. Arizona’s firefighters fear that out-of-control pension costs could bankrupt cities in Arizona, resulting in cuts to pensions like...

TAGS: Bryan Jeffries, Chicago, pensions