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.


* Reader comments closed until Memorial Day
* Gaming bill could grow
* SUBSCRIBERS ONLY - OT update
* Question of the day
* He gone
* Harmon: Rauner is "bullying" and "holding the entire state hostage"
* Today's quotable
* Madigan tax hike defeated
* Another welcomed change
* Business as usual is right
* Rauner to unveil actual bills today, with no "right to work" in sight
* Serving Consumers, Honoring Veterans – Credit Union Cooperative Values in Action
* Your daily "right to work" roundup
* *** LIVE *** Session coverage
* SUBSCRIBERS ONLY - Supplement to today’s edition
* 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

          
        * How to Set Up Apple Pay on Apple Watch
        * tinyCam Pro update brings background video recording 24/7
        * TeamViewer QuickSupport allows remote tech support on your phone
        * Bundle groups your photos and lets you share them privately
        * The Week in iPhone Cases: Puppy, koala, or fox? Check out Case-Mate’s cute animal-shaped cases
        * Smile! The amazing history of emoticons and emojis
        * Facebook Messenger adds “chat ID” for first-time chat buddies

        * Use an IKEA Box as a Foldable Laptop Hood for Outdoor Use
        * 5 creative ways to keep in touch after graduation, besides Skype
        * Cinematic Pins from Pinterest: This Week in Social Media
        * Geeky Gadgets Deals Of The Week
        * MeeGoPad T02 – Windows 8.1 Mini PC Stick With Intel Atom Processor
        * Tsukumo Outs A New 17.3-Inch Full HD Gaming Notebook
        * Eyeshot Full HD Action Camera With 2.4GHz Waterproof Watch Remote Control

        * Tough stretch of games brings additions to the rotation
        * White Sox to honor Konerko, retire No. 14 today
        * Shark shows bite as Sox sink Twins, end skid
        * Garcia to be patient with right knee injury
        * Shark shows bite as Sox sink Twins, end skid
        * Shark shows bite as Sox sink Twins, end skid
        * Samardzija settles in after shaky start

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


        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


        * Korecki: Rauner vs. Madigan — Clash of the tigh.....
        * Illinois prisons director resigns 2 months afte.....
        * Our View: Great way to spend a summer..
        * Ill. Democrats give no hint of compromise on bu.....


        * 4-year-old girl shot in head outside Chicago prom party
        * Democrats giving no hint of compromise with Rauner on budget
        * Rauner names 4 to Illinois Tollway Authority
        * Murray Energy expects more than 1,800 coal mine layoffs
        * Illinois prisons director resigns 2 months after taking job
        * Illinois mom takes son's place at graduation after he dies
        * Drew Peterson granted trial delay in murder-for-hire case
        * Sand dune along Lake Michigan to remain closed this summer
        * Military: Army infantryman from Illinois AWOL in Colorado
        * Gov. Rauner to put pro-business bills before Legislature

        * Rauner agenda surfaces at Capitol
        * Illinois prisons director resigns 2 months after taking job
        * House Democrats vote down workers comp bill
        * Langfelder talks DNR lake partnership
        * U of I bracing for 'very damaging' cuts, new president says
        * State report says Illinois college chiefs enjoy lavish perks
        * Millionaire tax falls short in Illinois House
        * Gov. Rauner softens some 'turnaround agenda' demands amid ongoing budget battle
        * Illinois State Board of Education promises shorter PARCC exam next school year
        * Union bulletin: Gov. Rauner wants wage freeze, vacation and holiday time reductions

        * First look: Hotel Allegro's $15 million renovation
        * What's Chicago's future as a global city?
        * Need a job? China Inc. is coming to Illinois—and it's hiring
        * City says key refinancing now back on track
        * Rauner to put pro-business bills before Legislature


          * Four-year-old girl shot in head outside prom gathering one of at least 18 shot in 12 hours
          * Rauner names 4 to tollway board
          * Prairie Crossing Charter School, state face new lawsuit over funding
          * Cop purportedly sleeping on video gets suspension
          * Illinois bill aims for local police to investigate college campus sexual assaults
          * 606 trail inspires excitement, fear from neighbors


          * Illinois Supreme Court hears $10B Phillip Morris appeal
          * Sheriff calls on feds to investigate Puerto Rican agencies that send addicts to Chicago
          * Sheriff names clinical psychologist to run Cook County Jail
          * Illinois prisons director resigns 2 months after taking job
          * Obama library foundation raised $5.4 million in 2014
          * Illinois moves to downgrade pot possession to a fine
          * Emanuel calls on Chicagoans to prevent 'lost generation'
          * Grand Jury Indicts 6 Baltimore Officers In Freddie Gray's Death
          * Inauguration Day: New City Council faces serious financial problems
          * Avian flu outbreak takes poultry producers into uncharted territory


          * Proud of WWII service, they opposed Vietnam War
          * Paul La Schiazza: Illinois' landline law stuck in the past
          * Charles Krauthammer: You want hypotheticals? Here's one
          * Rauner agenda surfaces at Capitol
          * Illinois prisons director resigns 2 months after taking job
          * House Democrats vote down workers comp bill
          * Langfelder talks DNR lake partnership
          * U of I bracing for 'very damaging' cuts, new president says
          * State report says Illinois college chiefs enjoy lavish perks
          * Dave Root: Illinois unwisely outsourcing PARCC assessments


          * Bridle Brook Adult Community 5-23-15
          * Terri Reifsteck with Visit Champaign County 5-23-15
          * Ben Quattone with Honda BMW of Champaign 5-23-15
          * On the water: Expect boat patrols over holiday weekend
          * Uber pilot project reduces city's role in regulating vehicles for hire
          * Reduced regulatory role for city under Uber pilot project
          * Rantoul native celebrates 25 years as nun
          * Preservation efforts continue to pay off
          * Weekend planner: Get outdoors for sweet summer sounds
          * Costly administrator posts a factor in spiraling tuitions


          * Countries approve plan for $100M health emergency fund
          * Congo electoral commission updates voter list
          * 95th time lucky for University of Tokyo baseball team
          * Urawa beats Kashima 2-1 to keep lead in J-League
          * What will get Europe's economy rolling again?

          * Bustos Seeking Wounded Warrior Fellow for ...
          * Congresswoman Bustos seeks Warrior fellow
          * Commemorative coin may honor Hero Street v...
          * Cops Who Lost Guns Still Protecting GOP Le...
          * Black candidates make history in McKeesport
          * Congresswoman Bustos Fights for Veterans i...
          * U.S. Rep. Thornberry Juggles Politics as P...
          * Guest Lineups for the Sunday News Shows
          * Bustos introduces bill to honor veterans
          * Marine Cole Van Dorn buried at Arlington, ...

          * Congress' familiar path: short-term solutions...
          * McConnell's floor strategy backfires...
          * U.S. Senators urge Obama administration to......
          * U.S. Senators Urge Obama to Block Arctic O......
          * Obama’s Strategy Against Islamic State Und......

          * Senate Leaves Town With No Deal on Patriot......

          * J.C. Brizard is front runner for Buffalo top education spot.
          * Keeping retirement weird.
          * A Leg Up
          * “The Driver’s Side” – News From The Motorist’s Perspective
          * Geek Tip: How Not To Handle Getting A Parking Ticket
          * EXTRA: Blagojevich inactivity on clemency lingers into Rauner years
          * 350 Springfield drivers to save $.55 per gallon in fuel taxes Friday morning
          * UPDATE: 350 Springfield drivers saved $.55 per gallon in fuel taxes Friday morning
          * Local Book Notes: Secret Hospital Rooms Of The 1%
          * The Beachwood Radio Sports Hour #52: The Blackhawks' Biggest Problem


          * 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
          * IDOT Suspends Non-Emergency Road Work for Memorial Day Holiday Weekend - Lanes Opened to Improve Traffic Flow
          * Illinois State Fire Marshal Recognizes EMS Week
          * IDOT, ISP: Drive Safe, Drive Smart Over Memorial Day Weekend - Click It or Ticket Campaign Continues, New “Driving Dead” Episode Debuts
          * Breakfast Club Fans Can Take Home Movie Memorabilia with Special 30th Anniversary Auction - Theater Chairs from Set of Iconic Movie Up for Sale




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