SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Unemployment rate down half a point, but big manufacturing losses

Thursday, May 15, 2014

* Halfway decent news for a change. From IDES…

The Illinois unemployment rate hit a new five-year low in April when it fell to 7.9 percent, according to data released today by the Bureau of Labor Statistics and the Illinois Department of Employment Security. More people working pushed the rate down 0.5 points, the lowest since December 2008 and largest monthly decline in the history of this data series which began in 1976. […]

In April 2014, the number of unemployed individuals fell -35,700 (-6.5 percent) to 516,000. Total unemployed has fallen -237,500 (-31.5 percent) since January 2010 when the rate peaked at 11.4 percent. The unemployment rate fell even though preliminary estimates indicate 7,800 fewer private sector jobs in April and 29,300 more jobs than one year ago. The unemployment rate and job creation numbers can move independently of each other because they come from different surveys.

The unemployment rate is in line with other economic touch points. First-time jobless claims have been trending lower for the past four years and at 48,697 in April are 20 percent lower than one year ago. Numbers from the independent Conference Board’s Help Wanted OnLine Survey show Illinois employers in April advertised for more than 200,000 jobs (201,500 seasonally adjusted) and 85 percent sought full-time employment.

Illinois employers added +249,600 private sector jobs since the low point of employment in Illinois. Leading sectors are Professional and Business Services (+114,600, +14.6 percent); Education and Health Services (+55,900, +6.8 percent); and Leisure and Hospitality (+38,000, +7.4 percent). Government (-25,600, -3.0 percent) continues to lead job loss.

* However, Illinois has lost 8,900 manufacturing jobs in the past twelve months, according to IDES, including a whopping 3,500 last month alone.

And while 20,000 new jobs were gained in the professional and business services category during the past 12 months, 7,100 jobs in that category disappeared in April.

- Posted by Rich Miller        


19 Comments
  1. - wordslinger - Thursday, May 15, 14 @ 2:21 pm:

    –And while 20,000 new jobs were gained in the professional and business services category during the past 12 months, 7,100 jobs in that category disappeared in April.==

    Seasonal tax preparation, I’m guessing. Happens every year.

    Not going to complain too much about dropping half a point and getting back to Dec. 2008, but still a ways to go.


  2. - Precinct Captain - Thursday, May 15, 14 @ 2:46 pm:

    I guess those manufacturers got scared off by Madigan’s move on EDGE credits lol. Wouldn’t be surprised if the tinfoilers actually believed this.


  3. - CircularFiringSquad - Thursday, May 15, 14 @ 2:56 pm:

    actually the Madigan EDGE reform will have more companies signing up. We are certain the Celebrants of Failure (aka GOPies) cannot be too happy.
    Listening to the GOPies whine on the floor it shows how really thin the brain trust…sending up DwightLite is really tired.


  4. - The Doc - Thursday, May 15, 14 @ 3:26 pm:

    ==Government (-25,600, -3.0 percent) continues to lead job loss==

    Someting to keep in mind next time you hear someone screaming about the miserable business climate or our bloated state governement workforce.


  5. - wordslinger - Thursday, May 15, 14 @ 3:42 pm:

    Geez, I guess some of the Usual U-Haul Suspects can’t handle a half point drop in the unemployment rate.


  6. - RNUG - Thursday, May 15, 14 @ 3:45 pm:

    The manufacturing job losses will hurt more in the long run than the numbers would imply. Those type jobs were the anchor for a lot of the semi-skilled workforce; they required an infrastructure of suppliers and their multiplication factor was often higher than perceived by common wisdom.


  7. - fed up - Thursday, May 15, 14 @ 3:51 pm:

    The unemployment rate went down because people quit looking for jobs. Thats a bad thing. 7,800 less jobs in Illinois than in April. Spin it however you like less people working is not a good thing.

    ” The total number of unemployed individuals in the state fell by 6.5 percent to 516,000. That’s despite the fact that early estimates suggest that there were 7,800 fewer private sector jobs in April.

    The unemployment rate counts those who are out of work and seeking employment. When a person gives up their search, they are no longer counted.


  8. - Arizona Bob - Thursday, May 15, 14 @ 3:54 pm:

    An unanswered question here is how much of this drop in unemployment RATE is due to people leaving the workforce and retiring?

    The real question here is how many TOTAL, full time jobs do we have in Illinois compared to peak employment levels in the Bush years.

    I believe IDES just looks at jobless claim statistics. What state agency tracks totla employment numbers abd what do THEY say about the job situation in Illinois?

    Anyone know what the median and mean job income in Illinois is compared to the Bush years?


  9. - wordslinger - Thursday, May 15, 14 @ 3:58 pm:

    –Illinois employers added +249,600 private sector jobs since the low point of employment in Illinois–

    How is that not more people employed, Fed Up?


  10. - Chi - Thursday, May 15, 14 @ 4:01 pm:

    Arizona Bob is one hell of a troll. I’ll give him that.


  11. - Demoralized - Thursday, May 15, 14 @ 4:34 pm:

    You can always leave it to people to spin good news into bad news and this blog has some of those people.

    @Arizona Bob:

    Bush years? Who cares. Do you have a point somewhere in that nonsense question?


  12. - RNUG - Thursday, May 15, 14 @ 4:35 pm:

    == Anyone know what the median and mean job income in Illinois is compared to the Bush years? ==

    The federal census data should have that information …


  13. - Just The Way It Is One - Thursday, May 15, 14 @ 8:02 pm:

    7.9% !!! Woo hoo! Lowest since before Pat Quinn took OFFICE–this must mean that “Quinn Economics” are WORKing! (Sorry to burst your “Hands-On” GTCT-Model of Perfection for ALL Illinois Businesses’ Bubble, Brucie, while you’re busy defending those hundreds of Lawsuits–pfff…!


  14. - Pensioner - Friday, May 16, 14 @ 8:09 am:

    Employment numbers would be great without the current political mood to fire state/local govt workers and teachers. I’ll say it again as it always bears repeating. The economy does not know a private dollar from a public dollar. Each dollar spent multiplies itself many times over.


  15. - Pensioner - Friday, May 16, 14 @ 8:13 am:

    Az Bob an attempt at humor?

    “The real question here is how many TOTAL, full time jobs do we have in Illinois compared to peak employment levels in the Bush years.”

    Since Bush created the worst economic crash in 80 years this is indeed rich.


  16. - Pensioner - Friday, May 16, 14 @ 8:15 am:

    Always enjoyable to me to pick out the conservatives spinning bad news out of good.


  17. - oz - Friday, May 16, 14 @ 8:21 am:

    Creating jobs is easy. Just turn that WalMart or burger flipping job into a part-time job and one can make the job creation number almost anything they like.

    However we can’t even do that!!

    Look people. The BLS reported Illinois non-farm payroll of 5,814,900 in Mar 2014.

    Nov. 1997 Illinois non-farm payroll was 5,819,100

    FOURTEEN YEARS AGO Illinois had more people employed then today. So where did all the new college grads go for the last FOURTEEN YEARS!

    http://www.bls.gov/eag/eag.il.htm


  18. - oz - Friday, May 16, 14 @ 8:35 am:

    Also WRT.

    “Numbers from the independent Conference Board’s Help Wanted OnLine Survey show Illinois employers in April advertised for more than 200,000 jobs (201,500 seasonally adjusted) and 85 percent sought full-time employment. ”

    It’s cheap to post a job ad now days but advertising a job opening doesn’t mean that the job exists.

    Job openings are advertised for many other reasons.

    Sprint, Radio Shack, Sears, JC Penny, the list goes on all closing stores and doing mass layoffs and yet you walk by there stores and there’s the sign in the window “WE’RE HIRING”

    Well if they are hiring it’s because they’re churning the workforce to lower wages or lower hours which brings us to the another reason you post job ads when the positions don’t exist.ho

    I remember a short time ago Rahm was putting out the propaganda that AAR corp had a qualified worker shortage. “They just could not find welders and mechanics” as part of some city college promotion speech.

    Meanwhile thousands of those exact jobs were being cut across the country including within AAR corp itself.

    So who we kidding? They advertise a shortage to entice the students to pursue these careers so that wages can be driven lower. You don’t want to tell the kids there’s a glut of applicants now do you?


  19. - Wally - Friday, May 16, 14 @ 8:39 am:

    Unemployment % nationally dropped last month with headlines screaming more than 200,000+ jobs added. Buried in about the 5th or 6th paragraph was this little gem—-More than 800,000 people left the workforce, which was the main reason the % dropped. Does anyone really believe the unemployment rate in IL dropped from 8.4% to 7.9%??? REALLY?


Sorry, comments for this post are now closed.


* React to remap reform ruling
* Divided court kicks remap reform off ballot
* Question of the day
* *** UPDATED x1 *** SUBSCRIBERS ONLY: TRS update
* Unanimously approved bill awaiting Rauner signature
* Rockford provider desperately needs state cash that isn't coming
* Today's number: 95.02 percent
* *** UPDATED x1 *** Federal judge rules Gill can remain on ballot
* Rate the new Baricevic ad
* The Rauner template
* Yet another race to the bottom in the US Senate race
* Beware the reformers
* SIU newspaper "consultant" pushed hard to land printing contract for his paper
* Cassidy "dare" lauded, but don't hold your breath
* Unclear on the concept
* An ever-changing semantics game
* The latest on redistricting reform
* Munger, Mendoza to face off at Tribune editorial board meeting
* SUBSCRIBERS ONLY - Supplement to today’s
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* 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

  
* Redesigned 2017 iPhone yet again rumored to drop home button altogether
* Qualcomm will reportedly not support Nougat on Snapdragon 800/801 Androids
* Mostly familiar Sony Xperia X Compact and Xperia XZ specifications rumored
* First-gen Samsung Galaxy Tab S 10.5 begins receiving OTA Marshmallow after all
* Truecaller lands pre-install deal with Huawei as it crosses 90M monthly users
* [TA Deals] You can get these premium over-ear headphones for $79! (73% off)
* OnePlus Bullets V2 are the plain ‘ol earbuds we’ve always deserved

* White Sox rally past M's on Frazier's walk-off hit
* Frazier sets RISP issues aside with clutch hits
* Sox won't reveal direction until after season
* Frazier ties it, then sinks M's on walk-off hit
* White Sox rally past M's on Frazier's walk-off hit
* Sale faces fellow ace Felix, Mariners at Cell
* Top Sox pick Burdi could be September callup

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


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

Archives
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
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

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Morning Spin: Why Rauner fears teacher pension .....
* New law permits Decatur woman's registered nurs.....
* Illinois governor to make appearances in southe.....
* Illinois redistricting referendum won't appear .....
* Illinois redistricting referendum won't appear .....


* 2 men shot by Illinois State Police in Chicago
* EXCHANGE: After 46 years voice of Fairmount Park goes silent
* Illinois corn maze pays tribute to 'Star Trek' anniversary
* Illinois redistricting referendum won't appear on ballot
* Illinois redistricting referendum won't appear on ballot
* Universities awarded grants to study harmful algae blooms
* Chicago-area imam pleads guilty to sex abuse charges
* Chicago-area imam pleads guilty to sex abuse charges
* Comptroller hopefuls argue independence from Madigan, Rauner
* Comptroller hopefuls argue independence from Madigan, Rauner

* Illinois redistricting referendum won't appear on ballot
* Comptroller hopefuls argue independence from Madigan, Rauner
* Springfield-area jobless rate remains lowest in Illinois
* Illinois 'Obamacare' health insurance rates up significantly
* Rauner's office warns teachers' pension change could be 'devastating'
* IDOT to analyze fairgrounds flood-control measures
* Rauner signs bill to punish trafficking guns into Illinois
* Rauner to sign bill to clamp down on gun trafficking
* Gov. Rauner signs bills to assist juvenile, other offenders
* Gov. Rauner signs package of criminal justice legislation

* Why is Chicago booing this hometown team?
* In victory for Madigan, Illinois remap plan is tossed by divided court
* Sephora's new Michigan Avenue store features high-tech touches
* How to get a first class upgrade every time
* A celebrated pastry chef turns to painting


* Waukegan man charged with homicide in Antioch overdose
* Vehicle hit by gunfire on I-57 in Matteson
* Police: Man shot after shooting at woman in West Englewood
* 10 shot in Thursday attacks across Chicago
* Georgia Nicols horoscopes for Aug. 26, 2016
* Dear Abby: Friend took my kidney, then ditched me
* Man shot in West Town
* White Sox, Frazier enjoy walk-off win over Mariners
* Man shot in Jefferson Park
* Red Line trains to bypass stations for weekend track work


* Database of people shot by Chicago Police
* Morning Spin: Why Rauner fears teacher pension board vote
* 92 deaths, 2,623 bullets: Tracking every Chicago police shooting over 6 years
* Shots fired on I-57 in Matteson
* 2 shot by Illinois State Police on South Side
* 1 dead, 10 wounded in separate shootings
* Lessons learned: Ex-NBA star shares his story at high school
* Striking miners kill deputy minister in Bolivia: official
* 1 dead, at least 4 injured in Belgium in accidental blast
* Clinton might be the GOP's savior — how strange is that?


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Illinois redistricting referendum won't appear on ballot
* Comptroller hopefuls argue independence from Madigan, Rauner
* Springfield-area jobless rate remains lowest in Illinois
* Bernard Schoenburg: Illinois an 'outlier' in party appointments to legislative vacancies
* Esther Cepeda: One man's clutter could be another man's treasure
* Scott Reeder: A case for tempering justice with mercy
* Illinois 'Obamacare' health insurance rates up significantly
* Eugene Robinson: Trump's 360-degree 'pivot'
* Rauner's office warns teachers' pension change could be 'devastating'
* IDOT to analyze fairgrounds flood-control measures


* Top of the Morning, Aug. 26, 2016
* Are you ready for some football? Friday night football is back in Southern Illinois
* Mount Zion helplessly devoted to Grease Fest
* Patricia 'Patty' Spangler
* Barbara Downs
* Evelyn Patton
* Louis Wildermuth
* Mary Fann
* Jerry Morgan
* William Kemper Jr.


* AP EXPLAINS: Difference between shallow, deep earthquakes
* Top leagues win big in UEFA changes to Champions League
* Somali extremists attack beach restaurant killing 8
* Iran denies Saudi allegations it gave Yemen rebels missiles
* Scout's grapefruit juice spray is solution to geese in park

* 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

* Dick Durbin's war on affordable banking - ......
* Dick Durbin's war on affordable banking - ......

* Duckworth critical of Kirk during visit to......

* Trash Movie Night Returns To Fat Cat on Wednesday -- With Dinosaurs!
* “The Driver’s Side” – News From The Motorist’s Perspective
* The Comic Con
* Presidential insults; what else is new?
* CTU Preps For Possible Strike In October
* Judge Orders Release Of Additional Clinton Emails
* Cartoon Of The Day
* Cartoon of the Day - 8/24/16 IL black unemployment rate
* Transgender Performer Sues Over Chicago's Ban On Female Nudity In Bars
* New Illinois Law Imposes Stiff Penalties For Gun Trafficking


* Governor Announces First Sheltered Market - Sheltered markets ensure equal opportunities for businesses owned by women, minorities and persons with disabilities
* Governor Rauner Signs Bill to Give Former Offenders a Brighter Future
* Statement on Health Care Rate Filings
* Governor Opens Minority Entrepreneurship Program Applications
* Governor Rauner Signs Firearms Trafficking Bill to Help Protect Communities from Gun Violence




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