SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Today’s numbers are grim, but slightly hopeful

Thursday, Jul 24, 2014

* According to the Bureau of Labor statistics, in June of 2004, total Illinois employment was 5,932,487. Ten years later, in June of 2014, total Illinois employment was 6,068,068.

That’s a net increase of less than 2.3 percent.

In ten years.

Oy.

* In November of 2006, the last time the state’s unemployment rate reached a low of 4.4 percent, total Illinois employment was 6,306,527, or almost 4 percent higher than where we were in June of this year.

* According to the BLS, the state’s labor force in November of 2006 stood at 6,599,004. The state’s labor force then reached its peak in January of 2008 at 6,725,940. It’s now at 6,529,781 - an astonishing drop of almost 200,000 people.

* One BLS graph shows we are starting to bounce back a bit. Employment…

* But look at the labor force trend…



- Posted by Rich Miller        


23 Comments
  1. - Anon - Thursday, Jul 24, 14 @ 1:30 pm:

    I don’t think the declining participation in the labor force is unique to Illinois.


  2. - Wally - Thursday, Jul 24, 14 @ 1:31 pm:

    Nationally, the labor force participation rate is at its lowest level since 1978, 36 years ago. If the participation rate was the same today as when Obama took office, the unemployment rate would be between 9-10%. As it is, U6 unemployment is double digits. Illinois is a microcosm.


  3. - wordslinger - Thursday, Jul 24, 14 @ 1:51 pm:

    Gee, what were Blago, MJM, and Emil doing in 2006 when unemployment was at 4.4%? They must have had all the answers!

    Wish I could say there was magic wand attributable to state government, but there’s not that I know of.

    There’s no energy boom — or retiree boom — which is driving high-growth areas in the United States.

    Mature economies in Western Europe and Japan have been experiencing the same problem for a while.

    The economic rock star of Europe, Germany, is blessed to have an enormous export market in the neighborhood in Russia and the former Soviet republics. No one wants in those countries wants to buy domestically made products because it’s all junk.

    They send Germany energy and raw supplies, Germany sends them cars and other manufactured goods.

    Seriously, what does Russia export except commodities, Stoly and nesting dolls? For crying out loud, the French, of all people, are building their Navy (thanks, NATO ally!).

    Where could you boost Illinois exports, both domestically and internationally? Don’t know. I do know that corn, beans and hogs will never be labor intensive again.

    Have to get more labor working all that land productively with more and different goods and services.


  4. - Grandson of Man - Thursday, Jul 24, 14 @ 1:53 pm:

    This past weekend something miraculous and new happened to me. I used my brain for gainful activity.

    I cherry-picked states and ranked them in accordance to the following criteria: one-year job growth percentage, current unemployment rate, percentage of people working at or below the minimum wages, percentage without health insurance, median household income, per capita income and unionization rate.

    Yes I cherry-picked states and data, but my simple research yields some interesting and predictable results.

    Texas, Indiana, Illinois, Texas, Florida, Massachusetts and Colorado are among the states I selected.

    Before anybody starts screaming about how we should have more laws like Texas and Florida, these two states are ranked lower than Illinois, and toward the bottom of the list.

    Massachusetts was number one, and two out of the next three are Minnesota and Colorado. North Carolina was the worst.

    Illinois ranks above many of the states I looked at, but it substantially lags behind the top states. Why? You guessed it: jobs. Jobs, jobs, jobs. We need more jobs. If we get them, and I really hope we do, we will be ranked among the top group of states.


  5. - Wally - Thursday, Jul 24, 14 @ 1:58 pm:

    Word, that 4.4% UE was the fault of George Bush!!!!


  6. - Formerly Known As... - Thursday, Jul 24, 14 @ 2:04 pm:

    This is not cherry-picking. This is concerning.

    A number of commenters provided some interesting points and counterpoints when Governor Quinn crowed about a reduction in the unemployment rate last week http://capitolfax.com/2014/07/17/todays-numbers-193-and-71/


  7. - Fed Up - Thursday, Jul 24, 14 @ 2:20 pm:

    well the state could hire some people to do the fracking licensing. Which would lead to job growth and revenue but the incompetence of the Quinn admin just cant get it together.


  8. - oz - Thursday, Jul 24, 14 @ 3:13 pm:

    I forgot to mention Illinois Caterpillar corps 17 consecutive months of declining revenues.

    It’s like the person that loses a job and then lives on a credit card until the credit runs out. That’s Illinois. Hanging onto the hopes and dreams of what once was


  9. - Rharaz - Thursday, Jul 24, 14 @ 3:20 pm:

    I think the population in Illinois was around 12.5M in 2004. Now it’s around 13M (~4% increase if I did the math correctly). If the number of working age people increased proportionately, we’ve likely gone backwards, as jobs created has likely not kept up with the increase in potential workers.


  10. - oz - Thursday, Jul 24, 14 @ 3:35 pm:

    wrt:

    * According to the Bureau of Labor statistics, in June of 2004, total Illinois employment was 5,932,487. Ten years later, in June of 2014, total Illinois employment was 6,068,068.

    ———————————————–
    That’s a nice way to spin the numbers but here’s another.

    The labor force size today in Illinois is the same as it was way back in 2006. Where did all the graduates entering the workforce go?

    The number of people in Illinois holding non-farm payroll positions is the same today as it was SIXTEEN YEARS AGO way back in 1998


  11. - Keyser Soze - Thursday, Jul 24, 14 @ 3:57 pm:

    Is the reduction in labor force due to boomer retirements or something else?


  12. - Wally - Thursday, Jul 24, 14 @ 4:04 pm:

    A little labor force reduction from boomer retirements, a lot in younger age groups.


  13. - nothin's easy... - Thursday, Jul 24, 14 @ 4:04 pm:

    Is the data reported factoring in the number of people leaving the workforce as a result of retiring? The most popular number being reported is 10,000 new social security recipients per day as the baby boomers move out of the workforce. The first of the baby boomers (born 1945) will turn 69 this year. The final year of the boomers (born 1964) turn fifty in 2014. Boomers represent approximately 33% of the workforce. These all factor into the numbers reported and also show why many employers favor more immigration.


  14. - Six Degrees of Separation - Thursday, Jul 24, 14 @ 4:08 pm:

    A small snapshot. For the UIUC law school class of 2013, the vast majority of those who found employment stayed in IL, somewhere around 70%…now the better question is, of the 70%, will they all stay here within 5 or 10 years. and is IL attracting graduates from other states, and how much.

    http://www.law.illinois.edu/career-services/student-employment-data


  15. - Precinct Captain - Thursday, Jul 24, 14 @ 5:04 pm:

    ==- Fed Up - Thursday, Jul 24, 14 @ 2:20 pm:==

    BUT THE PENSIONS OF THOSE WORKERS!


  16. - Yellow Dog Democrat - Thursday, Jul 24, 14 @ 5:49 pm:

    For the 28th time:

    Governors do not control economies.

    Presidents do not control economies.

    The Chamber loves to remind us that they are the job creators.

    Except when they are not creating jobs, in which case it is always somehow government’s fault.


  17. - Formerly Known As... - Thursday, Jul 24, 14 @ 6:28 pm:

    State government isn’t the only factor in job growth, but it certainly plays an important role in establishing the regulatory climate and fostering economic growth.

    State boundaries mark a difference in minimum wage and labor costs; infrastructure; environmental protection and land use; regulation of labor markets and the workplace, as well as worker’s comp costs and unionization rules; energy production, distribution, conservation, availability and cost; freight transport rates and routes; educational opportunities and skilled labor in the workforce; tax rates; and incentives.

    All of these things help determine everything from site selection for a new business to growth or expansion for an existing business and current employees.


  18. - Wally - Thursday, Jul 24, 14 @ 8:53 pm:

    So YDD, you are saying Madigan, Cullerton, Quinn, Blago and Daley had and have no impact on the Illinois economy?


  19. - wordslinger - Thursday, Jul 24, 14 @ 10:33 pm:

    –So YDD, you are saying Madigan, Cullerton, Quinn, Blago and Daley had and have no impact on the Illinois economy:–

    Here’s what I’ve come to believe: politicians claim so much credit for the good times, some people believe it. So when the bad times come, people blame them for that.

    The poster boy is Daley. He was given an enormous amount of credit, locally and nationally, for economic growth that he had nothing to do with.

    Meanwhile, he neglected or screwed up some of his core responsibilities, including fiscal stewardship.

    Illinois was booming during most of Blago’s one-and-a-half terms. Does anyone believe that he had anything to do with it? The guy who sat around at home all day in his jogging suits, watching cartoons and dreaming up crooked scores?

    North Dakota ain’t booming because of the governor there, whoever it is. Texas ain’t booming because of Rick Perry’s policies. If it was, MIssissippi would be booming, too.

    It’s important to hold politicians to their core responsibilities of human services — something we neglect to do when we pretend they’re Big Daddies who can make everyone rich.

    Don’t believe the hype of governors, or mayors, when they say they are creating jobs. Consumers create jobs, risk-takers create jobs, and the job of politicians is to do their limited-jobs and get out of the way.


  20. - wordslinger - Friday, Jul 25, 14 @ 12:17 am:

    –well the state could hire some people to do the fracking licensing. Which would lead to job growth and revenue but the incompetence of the Quinn admin just cant get it together. –

    Won’t argue with that. The law’s passed and there’s money on the table for the taking.

    It’s imperative for the executive to act with some earnestness; light some fires under his peeps to get it going.

    I think sometimes here in Illinois we lose sight of the idea that the major part of being governor is executive, running the show, demanding accountability and being responsible for the executive branch.

    Put it this way: Quinn gave the GA two options this year regarding the budget, both massive tomes filled with supporting data, enormous, time-consuming exercises: one with revenue from extending the tax increase, one without.

    The GA, which can and do whatever it wants, after months of hanging around, shooting the breeze, collecting per diems, and just living away from their homes in their own ways, booted the whole idea of doing anything.

    How cool is that?

    It will be cleaned up later, of course, but seriously, how much time should any executive of a multi-billion enterprise invest in a crew that is determined not to deal with their responsibilities?

    Time would be much better served riding herd on the good folks, no snark, doing their jobs, for the folks.


  21. - Anonymous - Friday, Jul 25, 14 @ 6:27 am:

    the underground economy must be growing


  22. - Sue - Friday, Jul 25, 14 @ 8:21 am:

    And of course raising the minimum wage is the answer- Wonder if any of those leftist Dems have ever taken a basic course in economics


  23. - reggieandtfe - Friday, Jul 25, 14 @ 10:14 am:

    Hey Sue, I wonder if any of these reactionary professional economists stepped outside of their bubble and looked at the real world.

    http://americasmarkets.usatoday.com/2014/07/07/study-states-that-raised-minimum-wage-had-stronger-job-growth/


Sorry, comments for this post are now closed.


* Reader comments closed until Tuesday
* Oh, for crying out loud
* Not as simple as it may look
* *** UPDATED x1 *** State complies with court order on DD payments
* *** UPDATED x1 *** Question of the day
* Nuding praises Arduin
* YOU Matter to Illinois Credit Unions
* *** UPDATED x1 *** Point, counter-point
* Not there yet
* Will remap reform proposal hurt Democrats?
* Where are they now?
* Putting two and two together
* No excuse for this loophole
* From a "trap" to a "magnet"
* FOP wants override of AFSCME bill veto
* Report: 34,000 losing independent living services
* No movement yet
* Today's number: $58.1 million
* SUBSCRIBERS ONLY - Supplement to today’s edition
* 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

          
        * iBackPack does everything for you (at least digitally)
        * 10 months with the Microsoft Band
        * iPhone 6s storage options, LG Nexus 5 2015 & more – Pocketnow Daily
        * Designing New Mobile Experiences For The Music-Loving Generation
        * Hands on with People Edge on the Samsung Galaxy S6 Edge+
        * Google updates mobile app search design
        * Scribbled Arena is multiplayer tank PvP, with good old drawn maps

        * Double play ends White Sox rally in seventh
        * Danks on short end of duel because of HRs
        * Mariners 2, White Sox 0: Solo shots spoil John Danks' night
        * Danks on short end of duel because of HRs
        * Samardzija tries to end winless streak against Mariners
        * Thompson understands part-time role
        * Flowers emphasizes defensive improvements

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


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

        Archives
        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


        * Awards recognize Illinois students with big ideas
        * Chicago's Divvy bike-share program attracts developer
        * Ex-Washington mayor Don Gronewald dead at 83
        * Authorities say carbon monoxide is cause of death of 2
        * 2 residents of veterans home die from Legionnaires' disease
        * Cash-strapped Illinois: Can't do the 'impossible' on paying
        * Judge considers whether to dismiss Illinois head-injury suit
        * Woman accused of killing puppy agrees to smaller jury
        * Lottery winners don't get largesse, but get left out
        * Emmett Till relatives gather at boy's grave 60 years later

        * Donna Arduin out as Gov. Rauner's state budget adviser
        * Cash-strapped Illinois: Can't do 'impossible' on social service payments
        * Arduin out as state budget adviser
        * Rauner signs bill allowing township governments to dissolve
        * Budget consultant may get second contract extension from Rauner administration
        * Judge will privately review disputed Schock documents
        * Budget expert leaves Illinois without state spending plan
        * Gov. Rauner approves Springfield railroad oversight commission bill
        * Federal judge blasts Illinois for not making all ordered payments
        * Rauner approves rail commission bill

        * Beckman denies Illinois probe's findings, hints at lawsuit
        * Rauner, Dems double down on budget gamble
        * The revolving door spins at Bonobos
        * Starcom wins U.S. media for new Kraft Heinz company
        * Baxalta in talks to buy drugmaker to bolster independence


          * At least 8 hurt in separate shootings
          * Man dead in hit-and-run crash in Portage Park
          * Robbins community mourns family torn apart by drag-racing crash
          * Legionnaires' kills 2 Illinois veterans' home residents
          * FBI: Bank robber hits second Oak Park bank
          * Robbins community mourns family torn apart by drag-racing crash
          * Murder of Emmett Till memorialized 60 years later
          * Illinois fires football coach Tim Beckman over mishandling of injuries
          * FBI investigating 2 bank robberies in Oak Park
          * Carbon monoxide poisoning cited in 2 suburban hazmat deaths


          * Donna Arduin out as Gov. Rauner's state budget adviser
          * Cash-strapped Illinois: Can't do 'impossible' on social service payments
          * Charles Krauthammer: What six years of 'reset' have wrought
          * Rauner signs bill allowing township governments to dissolve
          * Our Opinion: Ducking sunshine in the digital age
          * E.J. Dionne: Trump's video game mastery
          * Esther Cepeda: Don't bake your DNA
          * Junaid Afeef: American Muslims can't tackle ISIS recruitment alone
          * Budget consultant may get second contract extension from Rauner administration
          * Judge will privately review disputed Schock documents


          * Top of the morning, Aug. 29, 2015
          * Lee fills stat sheet, but Sabers falter
          * PBL, Poll earn hard-fought win
          * Salt Fork stymied by Watseka in opener
          * Migut, Cousins help Rockets to victory
          * Wildman delivers in opener
          * Eagles get off to good start with 7-point win
          * Mahomet-Seymour falls to Mount Zion
          * Warriors top Tigers with second-half surge
          * Area football wrap: Arcola smashes Martinsville


          * New leader named for Mundelein Seminary, University of St. Mary of the Lake
          * Images: Rolling Meadows edges St. Viator, 19-18 in football
          * Still no contract deal in Prospect Heights District 23
          * Images: Neuqua Valley over Metea Valley, 38-14 in football
          * Images: Lakes falls to Grayslake North, 31-26 in football

          * 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

          * Share “Iran deal gives Sen. Durbin a shot ......
          * Roads, money issues dominate Corridor 67 m......
          * Iran deal gives Sen. Durbin a shot at poli......
          * Iran deal gives Sen. Durbin a shot at poli......
          * Iran deal gives Sen. Durbin a shot at poli......

          * Kirk, Durbin ask Obama to declare Grundy, ......

          * Critical Mass To Mess Up Traffic Friday Evening
          * “The Driver’s Side” – News From The Motorist’s Perspective
          * Lake Street Bridge Closed For Maintenance Saturday Morning
          * Anti-Cam Group Plans Southside Protest Saturday
          * Pure partisan politics at work
          * Life’s losers didn’t win the Lottery after all? They have to wait for prizes
          * We got the Obama presidential library, but will we get to design it as well?
          * Morning Minute: NAR identifies six factors to watch in housing
          * Morning Minute: U.S. Pending Home Sales Move Higher in July
          * Head ‘Back to School’ with IAR educational programs


          * Governor Announces Appointments
          * State to Issue $16 million in Credits to Reverse Penalties for Monthly Electronic Wage Reporting - Rules provide relief for nearly 13,000 employers over the next six months
          * GOMB Director Issues Statement
          * Governor Takes Bill Action
          * Governor Rauner Requests SBA Assistance for Grundy, Iroquois Counties - Declaration would help people and businesses affected by summer storms with low-interest, long-term loans to help with recovery




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