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/


TrackBack URI

Sorry, comments for this post are now closed.


* $3 million in one pop from Rauner
* Reader comments closed for the weekend
* SUBSCRIBERS ONLY - State House fundraising report
* *** UPDATED x1 *** Has the haymaker punch arrived?
* SUBSCRIBERS ONLY - State Senate fundraising report
* Third straight poll shows Rauner leading Quinn
* Last call for tickets!
* Vast Majority of Illinois Voters Support Renewable Energy, Energy Efficiency
* Sun-Times reporters want you to sign their petition
* Same song, different century
* Question of the day
* Quinn finally wins a newspaper endorsement!
* SUBSCRIBERS ONLY - Today's cable TV buy report
* SUBSCRIBERS ONLY - Supplement to today’s edition: Crosstabs, TV ads
* Report: Another tie between Rauner and CS-T chairman
* Bost's "anger," Cook's ratings, Foster's ad
* $580 MILLION EXELON RATE HIKE?? That’s the price tag for their nuke bailout…EVERY YEAR!
* *** UPDATED x1 *** Rauner pumping dollars
* Rauner pushing IDOT back into the news stream
* Gov. Quinn runs new TV ad featuring FLOTUS
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* No, your eyes didn't deceive you
* 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

          
        * A first look at the Nexus 9
        * Galaxy Lollipop plans, Apple sapphire future, Amazon flops & more – Pocketnow Daily
        * Sidecar Tests A New “Commute” Service, With Discounts When You Pay For A Week Of Morning Rides
        * Sony 12-inch tablet may be in the works for early 2015 launch
        * Moto X (2014) Review
        * How to use Continuity in iOS 8 and Yosemite (Video)
        * Monster Strike arrives for North American Android users

        * Tongue in Tea: Tongue-Shaped Silicone Tea Infuser
        * AT&T Offers Kindle Fire HDX Tablet For $49.99 With Fire Phone Purchase
        * NFC Chip Found In New iPads Could Be Used As Secure Element
        * Samsung NX1 Will Be Used To Film A Joseph Gordon-Levitt Short Film
        * 12-inch Sony Xperia Tablet Rumored For Q1 2015
        * Nest Adds Third-Party Home Automation Product Support
        * League Of Legends Pulls Close To $1 Billion In Revenue For 2014

        * Konerko caps stellar career with Clemente Award
        * Konerko caps stellar career with Clemente Award
        * World Series Game 3: Notes and discussion
        * Rollins, Konerko named co-winners of Clemente Award
        * Alexei Ramirez and Adam Eaton Gold Glove finalists, but maybe not f...
        * Longtime scout Provas passes away after battle with cancer
        * Eaton, Ramirez named AL Gold Glove finalists


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

        Archives
        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


        * Five myths about black voters..
        * The Highest and Lowest Unemployment Rates in Il.....
        * Topic matches for "television"..
        * Rauner Denies Newspaper Accusations..
        * Quinn orders 21-day quarantine for Ebola patien.....
        * Focal Point Plans Expansion at Chicago Producti.....


        * Illinois quarantine for who touched Ebola patients
        * US judge names monitor of IDOT hiring
        * Radio host convicted of alleged $10 million fraud
        * Illinois gov's race focuses on women voters
        * Judge rules against Ameren in power line dispute
        * Feminist Steinem endorses Illinois governor
        * Madigan, Rauner spend big on Illinois House races
        * Cockroach visits Chicago's City Council chambers
        * Chicago police to check bags on transit system
        * Toddler taken from family found in Illinois

        * Feminist Gloria Steinem endorses Quinn for governor
        * Madigan, Rauner spend big on Illinois House races
        * Officials rethink early vote-counting after Madigan ruling
        * Minimum wage increase supporters urge early voting
        * Sun-Times political reporter resigns following Rauner complaint
        * Minimum wage hike supporters urge early voting
        * Federal judge orders court-appointed monitor for IDOT hiring
        * Rep. Raymond Poe to undergo stem cell transplant
        * Bill Clinton campaigns for Quinn, Durbin
        * Quinn, Rauner spar over jobs, taxes

        * Regulators close National Republic Bank of Chicago
        * Rauner, the reporter, the Sun-Times and 'appearance of impropriety'
        * Carol Adams retiring as head of DuSable Museum
        * Chicago police to check bags at CTA stations
        * Shire CEO Ornskov 'dumbfounded' by collapse of AbbVie deal


        * Keep it peaceful in Ferguson, Mo.
        * Why wasn’t Ebola doc kept under scrutiny?
        * Editorial: Bruce Rauner for governor
        * Back to the past with mayor’s move
        * Illinois needs better way to deal with terminally ill inmates
        * At panel on school closings, board acknowledges more planning needed
        * Marina City residents reminded to watch their step during Wallenda’s walk
        * Republican senators question Quinn’s IDOT scandal response
        * Child who became ill on plane tests negative for Ebola
        * Tollway might permanently lower cost to open I-Pass account


        * Cops: Man stole semi-truck, critically injured bicyclist and fled
        * Former radio host convicted of mortgage fraud
        * Boy, 17, charged in fatal shooting in Englewood
        * $5 million bond in vandalism of Lombard synagogue
        * FBI searches Chinatown restaurants, at least 3 owned by famed chef Tony Hu
        * Des Plaines man who tried to hire killers to burn wife, friends alive gets 17 years
        * Man charged with DUI in 2013 crash that killed woman, 78, in Aurora


        * Listen to State Week - October 24, 2014
        * 2014 Election Coverage: Citizens, here's your homework!
        * 2 dead, including gunman, in high school shooting
        * Prosecutors want more of indicted police commander’s 'bad acts' in court
        * Prosecutors want more of indicted police commander's 'bad acts' in court
        * Bedrock 66: Charlie Parr Plays Springfield Friday
        * Oberweis Would Back Federal Same Sex Marriage Law
        * Wild Bison Return To IL
        * Scary Story: The Diviner by Susan Vondrak
        * Artist Profile: Local Troubadour Tom Irwin


        * Michael Bromberg: Benedictine looking ahead at changes in higher ed
        * Charles Krauthammer: Barack Obama, aggrieved bystander
        * Feminist Gloria Steinem endorses Quinn for governor
        * Madigan, Rauner spend big on Illinois House races
        * Our Opinion: Bell, Manar, Davidsmeyer endorsed in state legislative races
        * Craig Burns: Honesty, integrity in great supply at CWLP
        * E.J. Dionne: Ebola, pandering and courage
        * Esther Cepeda: Benefits of closing the word gap
        * Officials rethink early vote-counting after Madigan ruling
        * Our Opinion: Frerichs has the expertise to be Illinois treasurer


        * Preps Recap: St. Teresa @ Warrensburg-Latham
        * Big bucks going into House races
        * Looking Back (Oct. 25, 2014)
        * Flora Anguiano
        * Lowell Shipley Jr.
        * Robert Stapleton
        * Jean Feil
        * William Smith Jr.
        * Bobby Woodworth
        * Ronald Piper


        * Waubonsie Valley pulls away from South Elgin
        * Buffalo Grove takes pride in winning finale
        * Montini picks off Marmion
        * Conant denies Hoffman Estates
        * Palatine gets it right

        * Patrick Cannon defense strategy rare but n...
        * Feds fine Jesse Jackson Jr.'s campaign com...
        * Ex-Congressman Jesse Jackson Jr. faces sen...
        * Representative Jan Schakowsky Sends Letter...
        * Rep. candidate pushes to uphold marriage b...
        * Reps. Schakowsky and Waxman Introduce Bill...
        * Statement by Representative Jan Schakowsky...
        * U.S. House Passes Resolution Condemning An...
        * FAA Rejects Call For New O'Hare Noise Stud...
        * Representatives Quigley, Duckworth, Schako...

        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......
        * Republican Senate candidate Oberweis favor......

        * U.S. Senator Mark Kirk to talk with Triton......

        * Dold, Schneider Square Off In Heated Candidate Forum
        * Anti-Camera Protest Returns To Near West Side Saturday
        * Feds: Sentence Former Chicago Comptroller To 15 Years
        * For people who believe that bipartisan politics means, “Do it my way!’
        * IDOT Warns Of Weekend Roadwork On Chicago Area Expressways
        * Waukegan Teachers' Strike Rages On
        * McKinney, Clout & The Freedom Of The Press: Where Would Illinois Be Headed Under Rauner's Reign? (UPDATED)
        * Report Examines Big-Money Influence In IL Guv's Race, Congressional Primaries
        * McKinney, Clout & The Freedom Of The Press: Where Would Illinois Be Headed Under Rauner's Reign?
        * AP: Chicago police to check bags at CTA stations


        * Rauner rips Quinn on IDOT patronage oversight
        * Governor Quinn Announces Winners of 2014 Illinois Export Awards - State’s Trade Programs Help Companies Increase Global Sales
        * New Ad: Labor leader backs Rauner
        * Jewish Newspapers Endorse Rauner for Governor
        * Statement from the Illinois Department of Public Health and Chicago Ebola Resource Network




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