SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Illinois unemployment spikes above the trend

Friday, Apr 16, 2010

* For the past few decades, Illinois’ unemployment rate has tended to track with the national rate, but just a bit higher. The bad news in the newly released unemployment numbers is that we’re now diverging from the national trend, and not in a good way…

Ouch. [Via: Progress Illinois.]

From the AP

The jobless rate in Illinois rose slightly to 11.5 percent in March and the state was ranked 9th nationally for its foreclosure rate in the first three months of the year, according to data released Thursday that economists say indicate the state’s recovery is sluggish at best.

But state officials say there are signs the economy is improving.

The Illinois Department of Employment Security said the state added 3,000 jobs in March, the third consecutive month that Illinois saw job growth. However there still were 765,000 people out of work.

The 11.5 percent seasonally adjusted unemployment rate in Illinois was a tenth of a percentage point higher than in February, but 2.3 percentage points higher than March 2009. The seasonally adjusted national unemployment rate for March was 9.7 percent.

More

The latest numbers show that 148,500 fewer people were employed in Illinois in March than in March 2009.

* The state’s foreclosure rate - which is in the nation’s top ten - is at least partially a reflection of those numbers…

Illinois home foreclosure activity during the first quarter of 2010 fell 4.6 percent from the previous quarter, but was still higher than the first quarter of 2009.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 45,780 foreclosure filings in the first quarter of 2010. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 115 housing units in the state. That rate is nearly 17.5 percent higher than in the first quarter of last year and 9th-highest nationally.

RealtyTrac’s statewide foreclosure map is below. The redder the county, the higher the rate…

* Related…

* Daley: Banks should foot bill for foreclosure crisis: Chicago taxpayers spent $7 million last year to board up and secure abandoned properties, Mayor Daley said today, demanding that banks foot the bill for the foreclosure crisis. Daley wants the General Assembly to approve Chicago-only legislation putting banks on the hook for board-up and security costs. He also wants state lawmakers to sharpen the definition of “abandoned” properties to let banks take possession sooner so they can secure buildings sooner.

* Wal-Mart clears Plan Commission in quest to add Chicago store

* New Wal-Mart gets OK by Chicago Plan Commission

* Illinois’ report card: We’re No. 44: The state ranks 44th in federal spending, totaling $14.84 per person, on projects deemed “pork” by Citizens Against Government Waste, a non-profit that describes itself as “America’s No. 1 taxpayer watchdog.” Illinois ranked 45th last year. Hawaii ranked first in the current report, at $251.78 per person.

* Homes, businesses for former South Side steel mill site get thumbs up

* Will board approves fee waiver: The board approved a resolution allowing municipalities — meaning townships, villages or cities — to skip paying the zoning application fee when seeking a zoning change on a piece of unincorporated property. The waiver will be capped at $2,500.

* [Des Plaines] Casino to break ground Friday

* 2011 to be state’s biggest road-building year

* Big year ahead for state road construction

* More road work coming, courtesy of IDOT’s 2016 plan

* Construction projects ready to hit the road

* Illinois rolls out $5B road improvement plan

* Budget includes $409 million for new river bridge, billions for other road work throughout state

- Posted by Rich Miller        


18 Comments
  1. - shore - Friday, Apr 16, 10 @ 9:38 am:

    Walter Jacobson, a guy who no longer is employed in media went back to the koolaid last night and blasted Mark Kirk for not focusing on the “issues” and instead the litle bank of horrors that alexi used to run. It would be nice if journalists who are employed when and if they start talking about Alexi’s charges about how kirk and bush killed the economy compared the employment numbers in texas to that of illinois and then asked, if bush is at fault, why is texas so much better than Illinois?

    Texas is at 8.2 percent. in other words Republican texas is beating democrat Illinois.

    http://www.bls.gov/news.release/laus.nr0.htm


  2. - VanillaMan - Friday, Apr 16, 10 @ 9:40 am:

    This isn’t a surprise. The national level reflects varying political philosophies among the 50 states. So, the national numbers are naturally healthier than the Illinois numbers, just as the national numbers are naturally lower for freer market states.

    What we are seeing is the political trade off Illinois has made regarding how it’s governments muddy business cycles. What we have to ensure is that our governments open their gates when the business cycle goes up, and closes them when the business cycle goes down. But after eighty years of trying, we don’t see this work in the real world, however. It is one of many attractive ideas too attractive for some public leaders to stop trying in the face of repeated failures.

    Because of our governments and history, Illinois is not on the cutting edge, as it used to be during the last century. Our unemployment will remain high for a few more years.

    Painting with broad political strokes - Although the national economy is slowly growing, politically, the states leading the economic revival don’t favor pro-government policies, so the good economic news won’t help Democrats until the good economic news reaches Democratic states where we’ve been seeing them jeopardized. So, to turn this around politically for the party in power, their base constitutents need to feel the benefits of the economic growth now starting to be seen nationally, and this may take another year.


  3. - Windy City Mama - Friday, Apr 16, 10 @ 9:42 am:

    I have a great idea to help lower Illinois unemployment. Let’s raise taxes.


  4. - Mr. Ethics - Friday, Apr 16, 10 @ 10:15 am:

    Windy City Mama may be on to something. Higher taxes could force the unemployed to eventually leave the State.


  5. - Anonymous - Friday, Apr 16, 10 @ 10:22 am:

    You are missing the point Mr. Ethics…with the higher tax revenue we get by raising taxes, we can start state run programs to attract jobs.


  6. - VanillaMan - Friday, Apr 16, 10 @ 10:27 am:

    Not only that, but I’m certain there are university professors willing to make the case that if we simply raised the state’s minimum wage to $100.00 an hour, we’d lift ourselves right out of this recession! Think of all those people with all that extra income, spending it and creating new jobs!


  7. - Rich Miller - Friday, Apr 16, 10 @ 10:28 am:

    VM, enough.


  8. - Ghost of John Brown - Friday, Apr 16, 10 @ 10:29 am:

    Government often fails to see that they are in competition with other governments. Just like a retail store, you have a product at a price. We have a product (government services and investment) and a price (taxes and regulations). If our services are less than other states and our prices are higher than other states, business will go elsewhere. Throw in the cost of living (worker wages plus the cost of property among other things) and we don’t fair very well. Businesses take a long term look at things like our unfunded pensions, and they know that in the future their taxes will likely go up to pay for it.

    The politicians in Springfield (Dems AND Republicans) have generally not been very grown up about how to run government. Now it is finally coming to the forefront, and most (including me) don’t know how in the world we will deal with it. I’m afraid that in order to deal with it, we will need to take a meat cleaver to the spending, and we may be forced into higher taxes. As unpleasant as it is, we need to face it sooner rather than later. Procrasination will only lead to a harder problem later.


  9. - 3 beers to springfield - Friday, Apr 16, 10 @ 10:45 am:

    Ghost hit the nail on the head. If you’re a business owner with a choice of locating in Illinois or another state, or a resident with the same choice, why would you choose the state that will utlimately have to impose new taxes to pay off its debt without knowing which taxes those will be and how they will affect you? Until Illinois leaders develop and commit to a plan to climb out of the hole, fear of the unknown will continue to drive investors away from Illinois. The other killer to entrepreneurship and small business expansion is the January 1 change to the prevailing wage act requiring any project that gets $1 of public money including loans, which of course will be paid back with interest, to meet the requirements of the PWA. PWA makes sense for roads, bridges and city halls. Applying it to a $50,000 small business loan is ridiculous.


  10. - Boscobud - Friday, Apr 16, 10 @ 10:52 am:

    Vanilla Man for Governor !!!!!!


  11. - the Patriod - Friday, Apr 16, 10 @ 11:15 am:

    State programs will alwasy fail to produce long term economic growth. It has been true for the entire history of the world and I fail to see why people believe we can do it better now. We have been adding program after program for 10 years and almost line by line they cost more then projected and produce less than
    projected.

    We have to stop telling people we are almost out of the economic downturn. Uemployment will hit 13% before the Nov election and maybe 15% before it turns. I said this last fall. Talk to a banker or someone else who has to make a living analyzing the economy. Not a pundit who makes a living advocating one side or the other. The only thing worse then a the reality of bad news is false hope followed by the bad news.

    If you are an elected official that telling people we are 3 to 6 months from turning the corner, you are either lying to save your job, or too dumb to keep it.


  12. - conda67 - Friday, Apr 16, 10 @ 11:55 am:

    Ghost for gov!


  13. - Squideshi - Friday, Apr 16, 10 @ 12:13 pm:

    Why is Will County so low compared to its neighbors?


  14. - wordslinger - Friday, Apr 16, 10 @ 1:09 pm:

    –So, the national numbers are naturally healthier than the Illinois numbers, just as the national numbers are naturally lower for freer market states.–

    Ignorant beyond belief. On so many levels.


  15. - Ghost of John Brown - Friday, Apr 16, 10 @ 1:58 pm:

    Conda67 - thanks for the props. However, given that our Governor from 2 cycles ago is in prison, and the last governor may be going there soon, I don’t know if it is a job I want. I’ll let you know if I change my mind.


  16. - Rob - Friday, Apr 16, 10 @ 2:08 pm:

    On the topic of foreclosures, take a look at the Center for Neighborhood Technology’s new report, “Penny Wise and Pounf Fuelish.” It conatins interestesting spatial analysis of foreclsoures. It’s on the Net, so just use your favorit search engine to find it.


  17. - Rob - Friday, Apr 16, 10 @ 2:08 pm:

    . . . Pound Fuelish.


  18. - Big Ears - Friday, Apr 16, 10 @ 3:22 pm:

    Stop using RealtyTrac for foreclosure data. It’s wrong. Yeah, yeah, “But NPR and the Chicago Tribune use it.” Maybe. But it’s still wrong. There are Illinois counties w/ 40,000 residents that that website claims has 20,000 homes facing foreclosure. The data just isn’t right. Period.

    Not to mention that including a density map graphing foreclosures shows more about the populations of those areas than anything else.

    Sorry for being so cranky, but that website really bothers me (a website that’s thriving because lazy news groups assume it’s accurate, then use it to source batton-down-the-hatches fear stories about the bum economy. Hmph).


Sorry, comments for this post are now closed.


* $3 million in one pop from Rauner
* Reader comments closed for the weekend
* SUBSCRIBERS ONLY - State House fundraising report
* *** UPDATED x1 *** Has the haymaker punch arrived?
* SUBSCRIBERS ONLY - State Senate fundraising report
* Third straight poll shows Rauner leading Quinn
* Last call for tickets!
* Vast Majority of Illinois Voters Support Renewable Energy, Energy Efficiency
* Sun-Times reporters want you to sign their petition
* Same song, different century
* Question of the day
* Quinn finally wins a newspaper endorsement!
* SUBSCRIBERS ONLY - Today's cable TV buy report
* SUBSCRIBERS ONLY - Supplement to today’s edition: Crosstabs, TV ads
* Report: Another tie between Rauner and CS-T chairman
* Bost's "anger," Cook's ratings, Foster's ad
* $580 MILLION EXELON RATE HIKE?? That’s the price tag for their nuke bailout…EVERY YEAR!
* *** UPDATED x1 *** Rauner pumping dollars
* Rauner pushing IDOT back into the news stream
* Gov. Quinn runs new TV ad featuring FLOTUS
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* No, your eyes didn't deceive you
* Good morning!
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * A first look at the Nexus 9
        * Galaxy Lollipop plans, Apple sapphire future, Amazon flops & more – Pocketnow Daily
        * Sidecar Tests A New “Commute” Service, With Discounts When You Pay For A Week Of Morning Rides
        * Sony 12-inch tablet may be in the works for early 2015 launch
        * Moto X (2014) Review
        * How to use Continuity in iOS 8 and Yosemite (Video)
        * Monster Strike arrives for North American Android users

        * iPad Mini 3 Cracked Open By iFixit, Gets a Poor Repairability Score
        * Leak Reveals A List of Countries Where Samsung Galaxy S5 Active Will Launch
        * Sony Rumored to Launch a New 12-inch Tablet Next Year
        * Nexus 6 Pre-orders To Begin In Canada on October 29th, Starts At 749 CAD
        * Samsung Sells 4.5 Million Galaxy Note 4 Units In The First Month (Report)
        * Samsung Galaxy S5 To Reportedly Get Android 5.0 Lollipop Update in December
        * Tongue in Tea: Tongue-Shaped Silicone Tea Infuser

        * Konerko caps stellar career with Clemente Award
        * Konerko caps stellar career with Clemente Award
        * World Series Game 3: Notes and discussion
        * Rollins, Konerko named co-winners of Clemente Award
        * Alexei Ramirez and Adam Eaton Gold Glove finalists, but maybe not f...
        * Longtime scout Provas passes away after battle with cancer
        * Eaton, Ramirez named AL Gold Glove finalists


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        October 2014
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * US judge names monitor of IDOT hiring..
        * Quinn says he'll comply with hiring monitor..
        * Madigan, Rauner spend big on Illinois House races..
        * Illinois gov's race focuses on women, early voters..


        * Illinois quarantine for who touched Ebola patients
        * US judge names monitor of IDOT hiring
        * Radio host convicted of alleged $10 million fraud
        * Illinois gov's race focuses on women voters
        * Judge rules against Ameren in power line dispute
        * Feminist Steinem endorses Illinois governor
        * Madigan, Rauner spend big on Illinois House races
        * Cockroach visits Chicago's City Council chambers
        * Chicago police to check bags on transit system
        * Toddler taken from family found in Illinois

        * Feminist Gloria Steinem endorses Quinn for governor
        * Madigan, Rauner spend big on Illinois House races
        * Officials rethink early vote-counting after Madigan ruling
        * Minimum wage increase supporters urge early voting
        * Sun-Times political reporter resigns following Rauner complaint
        * Minimum wage hike supporters urge early voting
        * Federal judge orders court-appointed monitor for IDOT hiring
        * Rep. Raymond Poe to undergo stem cell transplant
        * Bill Clinton campaigns for Quinn, Durbin
        * Quinn, Rauner spar over jobs, taxes

        * Regulators close National Republic Bank of Chicago
        * Rauner, the reporter, the Sun-Times and 'appearance of impropriety'
        * Carol Adams retiring as head of DuSable Museum
        * Chicago police to check bags at CTA stations
        * Shire CEO Ornskov 'dumbfounded' by collapse of AbbVie deal


        * Judge rejects Pistorius comparison, gives 17-year sentence in murder-for-hire plot
        * Keep it peaceful in Ferguson, Mo.
        * Why wasn’t Ebola doc kept under scrutiny?
        * Enthusiastic student Stan Kij, 25, dies of stomach cancer
        * Editorial: Bruce Rauner for governor
        * Back to the past with mayor’s move
        * Illinois needs better way to deal with terminally ill inmates
        * At panel on school closings, board acknowledges more planning needed
        * Marina City residents reminded to watch their step during Wallenda’s walk
        * Republican senators question Quinn’s IDOT scandal response


        * Cops: Man stole semi-truck, critically injured bicyclist and fled
        * Former radio host convicted of mortgage fraud
        * Boy, 17, charged in fatal shooting in Englewood
        * $5 million bond in vandalism of Lombard synagogue
        * FBI searches Chinatown restaurants, at least 3 owned by famed chef Tony Hu
        * Des Plaines man who tried to hire killers to burn wife, friends alive gets 17 years
        * Man charged with DUI in 2013 crash that killed woman, 78, in Aurora


        * Listen to State Week - October 24, 2014
        * 2014 Election Coverage: Citizens, here's your homework!
        * 2 dead, including gunman, in high school shooting
        * Prosecutors want more of indicted police commander’s 'bad acts' in court
        * Prosecutors want more of indicted police commander's 'bad acts' in court
        * Bedrock 66: Charlie Parr Plays Springfield Friday
        * Oberweis Would Back Federal Same Sex Marriage Law
        * Wild Bison Return To IL
        * Scary Story: The Diviner by Susan Vondrak
        * Artist Profile: Local Troubadour Tom Irwin


        * Michael Bromberg: Benedictine looking ahead at changes in higher ed
        * Charles Krauthammer: Barack Obama, aggrieved bystander
        * Feminist Gloria Steinem endorses Quinn for governor
        * Madigan, Rauner spend big on Illinois House races
        * Our Opinion: Bell, Manar, Davidsmeyer endorsed in state legislative races
        * Craig Burns: Honesty, integrity in great supply at CWLP
        * E.J. Dionne: Ebola, pandering and courage
        * Esther Cepeda: Benefits of closing the word gap
        * Officials rethink early vote-counting after Madigan ruling
        * Our Opinion: Frerichs has the expertise to be Illinois treasurer


        * Upcoming Services (Oct. 25, 2014)
        * Shooting during fight leaves one dead
        * Artists giving new life to mural
        * CONO reaching out with social media
        * Local Scoreboard
        * Tigers edge Triopia
        * Carrollton ends perfect regular season with win over Routt
        * Local Briefs
        * (No heading)
        * Commissioner cleared of jury tampering charge


        * St. Edward 9-0 for first time in program history
        * WW South scoops up playoff berth in final minute
        * Batavia latest to consider adding turf field
        * Boys soccer: Friday's results
        * Girls volleyball: Friday's results

        * Patrick Cannon defense strategy rare but n...
        * Feds fine Jesse Jackson Jr.'s campaign com...
        * Ex-Congressman Jesse Jackson Jr. faces sen...
        * Representative Jan Schakowsky Sends Letter...
        * Rep. candidate pushes to uphold marriage b...
        * Reps. Schakowsky and Waxman Introduce Bill...
        * Statement by Representative Jan Schakowsky...
        * U.S. House Passes Resolution Condemning An...
        * FAA Rejects Call For New O'Hare Noise Stud...
        * Representatives Quigley, Duckworth, Schako...

        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......

        * Bruce Rauner & Carly Fiorina Inspire Downe......
        * Have you decided what to do to cast your v......
        * U.S. Senator Mark Kirk to talk with Triton......

        * Report: Caputuring Methane A Boost For Business In Illinois
        * Sun-Times Reporters Ask Owners To Open Up About McKinney, Rauner Incident
        * Poll: Illinois Governor's Race Neck-And-Neck
        * Oberweis Reverses Marriage Equality Position During U.S. Senate Debate
        * McKinney, Clout & The Freedom Of The Press: Where Would Illinois Be Headed Under Rauner's Reign? (UPDATED)
        * Chicagoans Take Part In National Day Of Protest Against Police Brutality
        * Police Brutality demonstrators at city hall
        * Police brutality march
        * National Survey: Many LGBT Youths Face Hostile School Environments
        * Police brutality protest 1


        * Rauner rips Quinn on IDOT patronage oversight
        * Governor Quinn Announces Winners of 2014 Illinois Export Awards - State’s Trade Programs Help Companies Increase Global Sales
        * New Ad: Labor leader backs Rauner
        * Jewish Newspapers Endorse Rauner for Governor
        * Statement from the Illinois Department of Public Health and Chicago Ebola Resource Network




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller