LIVE session coverage...
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.


* SUBSCRIBERS ONLY - EXCLUSIVE: Paul Green's Chicago election analysis
* *** UPDATED x1 - AFL-CIO calls bill "Trojan Horse" *** Rauner cranks it up another notch
* Priorities, please
* The Senate Dems fully join the fight
* Rauner asks agencies for strike plans, impacts
* Caption contest!
* Question of the day
* Illinois switches marketing gears
* December's quotable
* Pot, meet kettle
* Sign of the times?
* Exelon backs off closure threats for now
* Credit Unions – Cooperative in structure, valued in service
* Having it both ways
* No surprise, Trib is fully on board
* *** LIVE *** Session coverage
* Rauner again demanding Senate side with him over Madigan
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* 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

          
        * Apple confirms WWDC keynote date and time, hundreds of sessions will take place
        * Watch the Google I/O keynote live right here!
        * Moto Maker now available in China
        * Lenovo Launches Motorola’s Moto Maker Customization Suite In China
        * Google Now iOS clone, Samsung roadmap, iPhone SMS bug & more – Pocketnow Daily
        * Lenovo launches first media casting device, calls it Lenovo Cast
        * Buying a computer and an Oculus Rift should cost “around $1500″

        * Ultra Street Fighter IV for PS4 has tons of bugs
        * GoPro Quadcopter In The Works
        * Samsung Galaxy S6 And S6 Edge To Get Camera Update Next Month
        * Motorola’s Moto Maker Launched In China
        * Lenovo Cast Is A New $49 Streaming Device
        * Reserve Strap Charges The Apple Watch Faster (Video)
        * Minecraft Pocket Edition Is Getting Player Skins, New Animals And More

        * White Sox slip past Blue Jays in 10 innings
        * Robertson loses Donaldson matchup, gets win
        * Shark positions White Sox for timely win
        * White Sox 5, Blue Jays 3 (10 innings): Wacky win
        * White Sox, Orioles set for makeup doubleheader
        * White Sox slip past Blue Jays in 10 innings
        * MLB.TV unveils new Web-based media player

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


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

        Archives
        May 2015
        April 2015
        March 2015
        February 2015
        January 2015
        December 2014
        November 2014
        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


        * Senate rejects Rauner’s priorities, moves budget..
        * Illinois Senate rejects Rauner's priorities, ad.....
        * Why is Rauner dissing the Chicagoland Chamber o.....
        * Pick a card, any card: In Chicago, a casino isn.....
        * Reeder: Mike Madigan a hypocrite for condemning.....
        * Rand Paul Visits Illinois..
        * Illinois Senate rejects Rauner’s priorities..
        * Work Comp Bill Stalls..


        * Is rent out of reach? Study shows how 11 US cities stack up
        * Photo shows Chicago cops posing over black man with antlers
        * Gay conversion therapy ban clears Senate committee
        * House passes 'mini' capital projects plan
        * Man acquitted of animal cruelty for blowing pot smoke
        * Illinois school funding would increase in Democratic budget
        * Democrats tweak plan to separate Lincoln museum
        * Man acquitted of cruelty for smoking pot with chameleon
        * Medical examiner says food critic drowned during seizure
        * Illinois House passes measure to battle heroin abuse

        * Gay conversion therapy ban clears Illinois Senate committee
        * Changes made to Gov. Rauner's hiring-reform legislation
        * New version of Lincoln Presidential Museum bill surfaces
        * Heroin abuse bill passes Illinois House
        * Illinois Senate rejects Rauner's priorities, advances budget
        * Lawmakers come to solution on body cameras, police reform
        * Heroin abuse bill passes House
        * Illinois Senate panel rejects Rauner's workers compensation proposal
        * Legislature takes up Gov. Rauner's proposed reforms
        * Democrats start passing parts of state budget; Republicans say it's phony

        * Illinois Senate rejects Rauner's priorities, advances budget
        * Andrea Zopp makes Senate run official
        * Top 0.01% of households gain as income concentration rises
        * Expect more cost cuts at Tribune Publishing papers
        * Michigan's Snyder clashes with fellow Republicans on union pay


          * Ex-Bear Ray McDonald arrested for 2nd time in week
          * Owner: Dog stolen from West Loop apartment turned in at shelter
          * Environmentalists sue to stop Illiana Tollway
          * Art Thieme, longtime Chicago folk musician, dies
          * Chicago to borrow $674 million, but junk status adds millions to cost
          * Cops warn of masked man who tried to lure girl on West Side
          * 2nd kidnapping count filed in stolen baby case
          * Senate Democrats block Rauner's workers' compensation measure
          * Man who blew marijuana smoke in pet chameleon's mouth acquitted
          * School board delays vote on Uptown charter, OKs charter for closed campus


          * Avian flu outbreak takes poultry producers into uncharted territory
          * Grand Jury Indicts 6 Baltimore Officers In Freddie Gray's Death
          * Illinois moves to downgrade pot possession to a fine
          * FIFA officials arrested on charges of bribery and corruption
          * For Bears chairman, plenty to second guess in McDonald case
          * Lawyer: Suburban Chicago man to plead guilty in terror case
          * South Siders lobby for neighborhood promises in writing as Obama library takes shape
          * South Siders lobby for promises in writing as Obama library takes shape
          * Democrats introduce proposed $36.3 billion budget for 2016
          * Chicago Bears' Ray McDonald arrested in domestic violence case


          * Gay conversion therapy ban clears Illinois Senate committee
          * Changes made to Gov. Rauner's hiring-reform legislation
          * Bernard Schoenburg: Langfelder seeks diversity, but looks at 'interior' of appointees
          * Eugene Robinson: Stop logging our phone calls
          * George Will: The separation of campaign and state
          * Michael Gelatka: Video gambling part of Illinois' success story
          * New version of Lincoln Presidential Museum bill surfaces
          * Heroin abuse bill passes Illinois House
          * Illinois Senate rejects Rauner's priorities, advances budget
          * Lawmakers come to solution on body cameras, police reform


          * Police Beat
          * Several accidents occur Wednesday
          * Open Line
          * Lady Tornadoes reach finals
          * Michael Walters
          * Eldon Stotlar
          * Scott Smith
          * Mark Holtz
          * Roger Moss
          * Kamden Feezor


          * Toews, Kane team up to help send it to Game 7
          * Byers, NCAA's 1st executive director, dies at 93
          * Cardinals rally, complete sweep of Diamondbacks
          * Blackhawks beat Ducks 5-2 to force Game 7 in West finals
          * AP Source: Pelicans interview Jeff Van Gundy

          * LGBT veterans honored with monument in nat...
          * House Republicans that voted against Amtra...
          * Orange County teacher Omar Currie could re...
          * House Republicans that voted against Amtra...
          * Skowhegan handbell ringers to perform at C...
          * Democrats hope for Hillary Clinton coattails
          * Davis: Freedom Act restores liberties
          * EDITORIAL: Partisan bickering could derail...
          * TA beach teams compete in Manitoba provinc...
          * Ted Cruz, charlatan

          * Government investigation finds troops not ......
          * Iran accord alarms many liberals, too...

          * Andrea Zopp makes Senate run official...
          * Mark Kirk Makes me Sick...
          * San Bernardino County gets $14 million fro......

          * All Private parking when out in public?
          * Music At Mass Transit
          * #TBT Foster Avenue Beach 70 Years Ago
          * "American Revolutionary" Doc At The Bezazian On Saturday
          * The [Friday] Papers
          * Brookins' Ex-Aide Says Chicago Alderman Was Feds' 'Initial Target'
          * Readin' Writin' and Larceny
          * Fantasy Fix: Value Among The Viagra Set
          * Brookins' Ex-Aide Says Chicago Alderman Was Feds' 'Initial Target' (UPDATED)
          * Report Outlines 'Lapses in Care' At IDOC Facilities


          * State Announces Business Resource Event Coming to Aurora - ‘Make a Connection’ networking and resource program promotes economic growth of small and diverse businesses
          * Gulf War Veteran Reports for Duty as IDVA Women Vets Coordinator, Vet Business Champion
          * Illinois EPA Pollution Prevention Interns begin Twelve Week Program at Illinois Facilities - Students find cost-effective approaches for reducing environmental impacts
          * Vietnam Veteran Confirmed as IDVA Assistant Director
          * The Illinois Department of Public Health Urges Illinoisans to Take Precautions Against West Nile Virus - Illinois Department of Public Health offers tips for avoiding mosquito bites




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