SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Today’s numbers are bad, too

Friday, Jan 10, 2014

* Moody’s Analytics ranks Illinois dead last among the 50 states for projected 2014 job growth. The firm is predicting a growth rate next year of just 0.98 percent. Click on the pic for the full interactive map…

Indiana is ranked 25th at 1.60 percent. Wisconsin is ranked 32nd at a projected 1.49 percent growth for the year. And Michigan is 27th at 1.55 percent 2014 projected growth.

- Posted by Rich Miller        

  1. - RonOglesby - Friday, Jan 10, 14 @ 11:25 am:

    there are tons of things that go into growth in those numbers. If you have a second this is an article on Cali, (SHORT) but think about how this same type of stuff applies here in Illinois…

    Time to make changes to your business? rules around changes, law suits, etc, etc. Business friendly is just not some simple tax rate change or tax rebates to specific companies. We need small companies starting and growing here to change these numbers.

  2. - Ahoy! - Friday, Jan 10, 14 @ 11:27 am:

    Since the legislature listens to Moody’s when it comes to bonds, maybe they will listen to them when it comes to this as well and finally do something about our poor business climate?

  3. - wordslinger - Friday, Jan 10, 14 @ 11:39 am:

    Looks like we’re the shortest pygmy in the Midwest, which ain’t exactly gangbusters.

    Except Minnesota at 12. What’s going on there?

  4. - walker - Friday, Jan 10, 14 @ 11:40 am:

    Cannot deny reality.

    But as Ron says, let’s not settle for simplistic solutions (like taxes), and let’s focus on the real growth engines (like small companies).

  5. - All Business - Friday, Jan 10, 14 @ 11:44 am:

    Illinois already has all of the jobs. The other states need jobs, so they will do anything to get them. So I guess we should be greatful.

  6. - Just Observing - Friday, Jan 10, 14 @ 11:49 am:

    We can’t just look at state government for solutions… local governments must also be proactively reforming their regulations to make conducting business easier, more transparent, and predictable.

  7. - Formerly Known As... - Friday, Jan 10, 14 @ 11:52 am:

    This could be the nudge we need to reach dead last in unemployment rate among the states in 2014.

    Illinois… #1 with a bullet.

  8. - RNUG - Friday, Jan 10, 14 @ 11:53 am:

    Given these numbers, maybe Rutherford is on to something with his desire to grow jobs. Now if the desire could be translated into effective policy …

  9. - in absentia - Friday, Jan 10, 14 @ 11:56 am:

    When government is constantly involving itself in business’ activities, the private sector freezes until order is maintained. Uncertainty is the biggest drag on the private sector. Keep the G.A. out of business, and it will thrive. Until then IL will maintain its low rank in job incubation.

  10. - PublicServant - Friday, Jan 10, 14 @ 12:02 pm:

    On the other hand, Illinois added more jobs than all but 11 states. See. Just depends on how you look at it.

  11. - wordslinger - Friday, Jan 10, 14 @ 12:07 pm:

    –When government is constantly involving itself in business’ activities, the private sector freezes until order is maintained. Uncertainty is the biggest drag on the private sector.–

    Where do you get this stuff?

    Has there been some great sea-change in GA interference since Dec. 2008, when the unemployment rate was 4.4%?

    The idea that the General Assemply can serve as some sort of thermostat that can make adjustments in a global economy is just kooky.

    Businesses grow when they sell. If they’re not selling, they’re not growing. Consumers drive sales. If they’re not buying, you’re not growing.

    Outside of the Chicago Metro, the Illinois economy is dominated by agriculture, which has been shedding jobs for decades.

    What are the job-growth opportunities in an ag economy?

  12. - PublicServant - Friday, Jan 10, 14 @ 12:07 pm:

    Err, I mean projected to add…sorry. And Illinois is in the top quarter of states in number of new jobs projected to be created.

  13. - Now What? - Friday, Jan 10, 14 @ 12:09 pm:

    Job growth should also include a snapshot of salary/wage earnings, specifically since the fastest growing areas of national job growth are also low wage paying jobs (not careers). The fear of jobs returning, and a dicey argument to make, means that we’ve cheapened labor to compete. A 21st century labor movement needs to recognize this unfortunate trend. Don’t know if they know how to or can.

  14. - Formerly Known As... - Friday, Jan 10, 14 @ 12:17 pm:

    Obviously, there is only one sure-fire formula to jump-starting our job growth. Illinois must

    - raise the minimum wage
    - raise taxes… or at least extend the “temporary” tax increase about to expire
    - help pick winners and losers in private enterprise by continuing our corporate welfare handouts
    - do nothing to address our absurd corporate tax system, where many companies pay 0% while mom-and-pop pay through the nose

    Magic 8 Ball sez: “Signs point to yes”. /s

    This is shaping up to be a long year.

  15. - Jim'e' - Friday, Jan 10, 14 @ 12:28 pm:

    I agree with PublicServant; its not the percentage, but number of jobs, and type of jobs. My guess is that WI and IN, which will create less jobs, are also creating jobs of lesser salary and skills.

  16. - Willie Stark - Friday, Jan 10, 14 @ 12:36 pm:

    And, of course, these are only projections. Put a note on the calendar to check back come Jan 2015 so we can revisit this post and see how predictive Moody’s really was. As a reason for optimism, in December, Fred Giertz’s flash index reached its highest level since April 2007 ( Important to remember, so many variables and factors influence economic outcomes that any forecasts, whether for the stock market, bond prices, GDP, etc. have to be taken with a grain of salt. No one knows the future.

  17. - Grandson of Man - Friday, Jan 10, 14 @ 12:46 pm:

    The December jobs numbers were bad today. I’m hoping it’s an aberration, in the context of other recent positive data. Illinois has had recent positive jobs numbers.

    I think we laid a good foundation in 2013 for our state’s future. We seriously began pension reform and passed MMJ and SSM. Indiana, the darling of some, is trying to pass a constitutional amendment to ban gay marriage. Do you want to live in a state that passes this type of legislation?

    We should start by raising the minimum wage, I believe, and then consider legalizing marijuana.

  18. - RonOglesby - Friday, Jan 10, 14 @ 12:52 pm:

    Looking at raw numbers only to find something good to say will lead us no where. If you ahve two states, one with 10M people and one with 6M and the 12MIL edges out the 6 Mil by a few thousand jobs you are in trouble. Your growth in jobs needs to keep up with population…

    These numbers in the article do not take into account the hole that Illinois is in in existing unemployment or % not in the workforce.

    Being last in the list in projected growth and seeming to have the worst unemp rate ( of our surrounding states we need to start looking for fixes to our mind set, not some way to spin the numbers. Spinning numbers is how we got here.

  19. - Judgment Day - Friday, Jan 10, 14 @ 12:53 pm:

    You want to create more job growth?

    FOCUS on issues like that $70 mil advanced manufacturing grant from DARPA that’s being fought over between the U of IL - Urbana/Champaign and Huntsville, Alabama.

    We ought to tell our Congressional delegation (both sides) to either get it done and get the grant, or don’t come back home (Re: Sparta; ancient Greece - “With your shield or on it”). You wanted the job, ran for it, got it - so bring the grant back home!

    This DARPA grant is the type of project that kickstarts greater things.

  20. - Formerly Known As... - Friday, Jan 10, 14 @ 1:17 pm:

    Percentages, ratios and per-capita measures are important in circumstances like this as a gauge of underlying health and wealth.

    The reasons for this are simple: large population states might create more jobs in sheer # than smaller population states, but they have to in order to survive and thrive.

    Emphasizing raw #’s in cases like this, rather than emphasizing ratios, can be sorely misleading.

    Illinois better create more jobs than, say, Rhode Island. Because we have to in order to support our higher expenses, broader public services, larger numbers of elderly and disabled populations, and so on.

  21. - Demoralized - Friday, Jan 10, 14 @ 1:31 pm:

    If we would only lower the minimum wage . . .

  22. - Formerly Known As... - Friday, Jan 10, 14 @ 2:14 pm:

    === Except Minnesota at 12. What’s going on there? ===

    I wondered the same thing. Then I saw:

    === If we would only lower the minimum wage ===

    It turns out Minnesota is the only one of those states with a minimum wage rate lower than the federal.

    Not saying that is the only possible explanation but, sadly, it may be one.

  23. - Name Withheld - Friday, Jan 10, 14 @ 2:22 pm:

    Has Moody’s been talking to Ty Fahner again?

  24. - wordslinger - Friday, Jan 10, 14 @ 2:26 pm:

    FKA the vast majority of workers in Minnesota are covered by the federal rate.

    Louisiana, Arkansas and Mississippi have no minimum wage laws. Not exactly industrial powerhouses.

  25. - Formerly Known As... - Friday, Jan 10, 14 @ 3:51 pm:

    Thanks, Word. I used the Dept of Labor’s chart as a source. All it indicates is Minnesota as 1 of only 4 states below than the Federal level (one of only 4 states in red). It doesn’t really note or indicate the important point you mention (which I assume is accurate). So odd they wouldn’t clarify that.

Sorry, comments for this post are now closed.

* Reader comments closed for the weekend
* Sign of the times?
* Question of the day
* Exelon Just Received A $1.7 Billion Rate Increase Through The Market-Based Capacity Auction
* Today's number: 60
* No imminent power shut-offs
* Chamber all-in on impasse
* COGFA: State receipts down almost a billion dollars in first quarter
* Two racetracks will likely close
* "How many babies have to die?"
* Report: "A billion-dollar giveaway rife with failure"
* Frerichs warns of impasse consequences
* Quinn touring the state
* Yesterday's blog posts

Visit our advertisers...







Search This Blog...

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

Search the 98th General Assembly By Keyword

    * Jetpack Joyride brings you Back to the Future theme for October
    * Viber: “heart” messages, more characters, forward public chats
    * Samsung Galaxy Active Neo coming to Japan
    * Top 5 Android games of September 2015
    * Escape from the dark in Dim Light, now out on Android
    * Bounce the ball around shapes in Geometry Bounce
    * BuzzFeed and BuzzFeed News: Smooth, easy way to share news and viral content

    * Albers holds scoreless streak as free agency nears
    * Alexei takes in possible final games with Sox
    * There's nothing the White Sox can say about Robin Ventura
    * Sale sets franchise single-season mark for strikeouts
    * White Sox edge Tigers on Sale's record night
    * Sale sets franchise single-season mark for strikeouts
    * White Sox edge Tigers on Sale's record night


    Main Menu
    Pundit rankings
    Subscriber Content
    Blagojevich Trial
    Updated Posts

    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    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


    RSS Feed 2.0
    Comments RSS 2.0


    * Number of Chicago heroin overdoses hits 74 in 3 days
    * Car crashes into northern Illinois church, injuring 6
    * University of Illinois opens center for wounded veterans
    * Opponents upset Chief Illiniwek merchandise available online
    * Chicago man charged in 20-month-old's death acquitted
    * Health officials in Lake County encourage flu shots
    * Alleged improprieties force out 2 parole board members
    * Suburban officer accused of using excessive force sentenced
    * Illinois tax break deals yield uncertain results for state
    * Rauner: Illinois budget standoff 'could go on for a while'

    * AP Exclusive: Legal marijuana stirs hope in southern Illinois town
    * Gov. Rauner: Illinois budget standoff 'could go on for a while'
    * State revenues down by nearly $1 billion in first quarter
    * Former Gov. Quinn makes speech in Champaign, says he has no plans to run for office
    * Supporters of sexual assault, domestic violence programs warn of cuts due to budget impasse
    * University presidents urge end to Illinois budget stalemate
    * Illinois attorney general seeks details from Volkswagen
    * Home day care workers seek repayment of union dues
    * Visitors get last look at Illinois State Museum before Rauner-ordered shutdown
    * Marijuana company’s $1M ad campaign draws scrutiny

    * Property tax hike adds up to 'a lot of hot dogs'
    * This tech company is 'ugly and boring'—and booming
    * South Side hospital may reverse years of losses
    * Big boys to change Chicago's skyline
    * Big blunders by Rauner, Madigan leading to Springfield stalemate

    * 4 wounded in separate shootings on South, West sides
    * Cops ask for help finding driver who hit, seriously injured woman on SW Side
    * Protesters rally to raise awareness of 'brutality of police'
    * Woman faces reckless homicide, DUI charges in Chicago Ridge officer's death
    * Famous Naperville Halloween house goes dark
    * Harvest of medical marijuana begins in Illinois
    * Woman crashes into church during food drive, injuring 5
    * Wisconsin airman among 11 dead in Afghanistan plane crash
    * Arbitrator reinstates Elgin cop Jason Lentz, fired over Ferguson comments
    * Two men shot in Gary Saturday morning

    * AP Exclusive: Legal marijuana stirs hope in southern Illinois town
    * Jim Bordeaux-White: Help give lung cancer patients hope for a cure
    * Charles Krauthammer: Obama's Syria debacle
    * Gov. Rauner: Illinois budget standoff 'could go on for a while'
    * State revenues down by nearly $1 billion in first quarter
    * Former Gov. Quinn makes speech in Champaign, says he has no plans to run for office
    * Supporters of sexual assault, domestic violence programs warn of cuts due to budget impasse
    * University presidents urge end to Illinois budget stalemate
    * Our Opinion: Haphazard cuts are no way for Illinois to operate
    * Illinois attorney general seeks details from Volkswagen

    * Plays of the Game - Nebraska
    * In the grand scheme of things ... Illinois should keep Cubit
    * High school football 10-02-15
    * Illini grade vs. Nebraska: A
    * PODCAST: Fasterners Etc. Postgame Show -- Nebraska
    * Emotional win for Illinois
    * Notes: Turner answers call
    * UI-Nebraska quick hits
    * VIDEO: Illinois celebrates upset against Nebraska
    * Daniels: "Thrilling" win for Illini

    * Images: Chicago Cubs beat Milwaukee Brewers 1-0 in game two Saturday
    * Foligno, Saad each score twice, Blue Jackets beat Predators
    * Hendricks sparkles for Chicago Cubs in 1-0 win
    * Illinois beats Nebraska for first time since 1924
    * Pitino mum, questions continue about escort allegations

    * House lawmakers overcome hurdle on key tra...
    * Rodney Davis talks funding with Bloomingto...
    * The agency that fought Illiana gets a new ...
    * Rep. Dold takes educational cruise down Ch...
    * Lawmakers decry high turnover rate of VA h...
    * CBD Oil, and politics
    * Simon considering state Senate bid
    * Killer Congressman Tom MacArthur trying to...
    * Shutdown? State may not notice
    * Rep. Bob Dold

    * Durbin cites health benefits in push to ra......

    * Senator Kirk Statement on the Dedication o......

    * New rule.
    * IEA last week: “NEA makes no endorsements prior to the primaries.”
    * The Pope’s blessing.
    * In spite of opposition, NEA endorses Clinton.
    * Today At The Uptown Arts Center
    * Chicago-based Thomas More Society Wins Dismissal of Lawsuit over Nativity Scene
    * Milton Township GOP picks Marco Rubio in straw poll
    * How Climate Policy Hurts the Poor [video]
    * Aurora Township GOP censures U.S. Senator Mark Kirk
    * My edTPA Twitter exchange.

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