Today’s numbers are grim, but slightly hopeful
Thursday, Jul 24, 2014
That’s a net increase of less than 2.3 percent.
In ten years.
* 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…