Capitol Fax.com - Your Illinois News Radar » Illinois unemployment spikes above the trend
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Illinois unemployment spikes above the trend

Friday, Apr 16, 2010

* For the past few decades, Illinois’ unemployment rate has tended to track with the national rate, but just a bit higher. The bad news in the newly released unemployment numbers is that we’re now diverging from the national trend, and not in a good way…

Ouch. [Via: Progress Illinois.]

From the AP

The jobless rate in Illinois rose slightly to 11.5 percent in March and the state was ranked 9th nationally for its foreclosure rate in the first three months of the year, according to data released Thursday that economists say indicate the state’s recovery is sluggish at best.

But state officials say there are signs the economy is improving.

The Illinois Department of Employment Security said the state added 3,000 jobs in March, the third consecutive month that Illinois saw job growth. However there still were 765,000 people out of work.

The 11.5 percent seasonally adjusted unemployment rate in Illinois was a tenth of a percentage point higher than in February, but 2.3 percentage points higher than March 2009. The seasonally adjusted national unemployment rate for March was 9.7 percent.

More

The latest numbers show that 148,500 fewer people were employed in Illinois in March than in March 2009.

* The state’s foreclosure rate - which is in the nation’s top ten - is at least partially a reflection of those numbers…

Illinois home foreclosure activity during the first quarter of 2010 fell 4.6 percent from the previous quarter, but was still higher than the first quarter of 2009.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 45,780 foreclosure filings in the first quarter of 2010. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 115 housing units in the state. That rate is nearly 17.5 percent higher than in the first quarter of last year and 9th-highest nationally.

RealtyTrac’s statewide foreclosure map is below. The redder the county, the higher the rate…

* Related…

* Daley: Banks should foot bill for foreclosure crisis: Chicago taxpayers spent $7 million last year to board up and secure abandoned properties, Mayor Daley said today, demanding that banks foot the bill for the foreclosure crisis. Daley wants the General Assembly to approve Chicago-only legislation putting banks on the hook for board-up and security costs. He also wants state lawmakers to sharpen the definition of “abandoned” properties to let banks take possession sooner so they can secure buildings sooner.

* Wal-Mart clears Plan Commission in quest to add Chicago store

* New Wal-Mart gets OK by Chicago Plan Commission

* Illinois’ report card: We’re No. 44: The state ranks 44th in federal spending, totaling $14.84 per person, on projects deemed “pork” by Citizens Against Government Waste, a non-profit that describes itself as “America’s No. 1 taxpayer watchdog.” Illinois ranked 45th last year. Hawaii ranked first in the current report, at $251.78 per person.

* Homes, businesses for former South Side steel mill site get thumbs up

* Will board approves fee waiver: The board approved a resolution allowing municipalities — meaning townships, villages or cities — to skip paying the zoning application fee when seeking a zoning change on a piece of unincorporated property. The waiver will be capped at $2,500.

* [Des Plaines] Casino to break ground Friday

* 2011 to be state’s biggest road-building year

* Big year ahead for state road construction

* More road work coming, courtesy of IDOT’s 2016 plan

* Construction projects ready to hit the road

* Illinois rolls out $5B road improvement plan

* Budget includes $409 million for new river bridge, billions for other road work throughout state

- Posted by Rich Miller        

18 Comments
  1. - shore - Friday, Apr 16, 10 @ 9:38 am:

    Walter Jacobson, a guy who no longer is employed in media went back to the koolaid last night and blasted Mark Kirk for not focusing on the “issues” and instead the litle bank of horrors that alexi used to run. It would be nice if journalists who are employed when and if they start talking about Alexi’s charges about how kirk and bush killed the economy compared the employment numbers in texas to that of illinois and then asked, if bush is at fault, why is texas so much better than Illinois?

    Texas is at 8.2 percent. in other words Republican texas is beating democrat Illinois.

    http://www.bls.gov/news.release/laus.nr0.htm


  2. - VanillaMan - Friday, Apr 16, 10 @ 9:40 am:

    This isn’t a surprise. The national level reflects varying political philosophies among the 50 states. So, the national numbers are naturally healthier than the Illinois numbers, just as the national numbers are naturally lower for freer market states.

    What we are seeing is the political trade off Illinois has made regarding how it’s governments muddy business cycles. What we have to ensure is that our governments open their gates when the business cycle goes up, and closes them when the business cycle goes down. But after eighty years of trying, we don’t see this work in the real world, however. It is one of many attractive ideas too attractive for some public leaders to stop trying in the face of repeated failures.

    Because of our governments and history, Illinois is not on the cutting edge, as it used to be during the last century. Our unemployment will remain high for a few more years.

    Painting with broad political strokes - Although the national economy is slowly growing, politically, the states leading the economic revival don’t favor pro-government policies, so the good economic news won’t help Democrats until the good economic news reaches Democratic states where we’ve been seeing them jeopardized. So, to turn this around politically for the party in power, their base constitutents need to feel the benefits of the economic growth now starting to be seen nationally, and this may take another year.


  3. - Windy City Mama - Friday, Apr 16, 10 @ 9:42 am:

    I have a great idea to help lower Illinois unemployment. Let’s raise taxes.


  4. - Mr. Ethics - Friday, Apr 16, 10 @ 10:15 am:

    Windy City Mama may be on to something. Higher taxes could force the unemployed to eventually leave the State.


  5. - Anonymous - Friday, Apr 16, 10 @ 10:22 am:

    You are missing the point Mr. Ethics…with the higher tax revenue we get by raising taxes, we can start state run programs to attract jobs.


  6. - VanillaMan - Friday, Apr 16, 10 @ 10:27 am:

    Not only that, but I’m certain there are university professors willing to make the case that if we simply raised the state’s minimum wage to $100.00 an hour, we’d lift ourselves right out of this recession! Think of all those people with all that extra income, spending it and creating new jobs!


  7. - Rich Miller - Friday, Apr 16, 10 @ 10:28 am:

    VM, enough.


  8. - Ghost of John Brown - Friday, Apr 16, 10 @ 10:29 am:

    Government often fails to see that they are in competition with other governments. Just like a retail store, you have a product at a price. We have a product (government services and investment) and a price (taxes and regulations). If our services are less than other states and our prices are higher than other states, business will go elsewhere. Throw in the cost of living (worker wages plus the cost of property among other things) and we don’t fair very well. Businesses take a long term look at things like our unfunded pensions, and they know that in the future their taxes will likely go up to pay for it.

    The politicians in Springfield (Dems AND Republicans) have generally not been very grown up about how to run government. Now it is finally coming to the forefront, and most (including me) don’t know how in the world we will deal with it. I’m afraid that in order to deal with it, we will need to take a meat cleaver to the spending, and we may be forced into higher taxes. As unpleasant as it is, we need to face it sooner rather than later. Procrasination will only lead to a harder problem later.


  9. - 3 beers to springfield - Friday, Apr 16, 10 @ 10:45 am:

    Ghost hit the nail on the head. If you’re a business owner with a choice of locating in Illinois or another state, or a resident with the same choice, why would you choose the state that will utlimately have to impose new taxes to pay off its debt without knowing which taxes those will be and how they will affect you? Until Illinois leaders develop and commit to a plan to climb out of the hole, fear of the unknown will continue to drive investors away from Illinois. The other killer to entrepreneurship and small business expansion is the January 1 change to the prevailing wage act requiring any project that gets $1 of public money including loans, which of course will be paid back with interest, to meet the requirements of the PWA. PWA makes sense for roads, bridges and city halls. Applying it to a $50,000 small business loan is ridiculous.


  10. - Boscobud - Friday, Apr 16, 10 @ 10:52 am:

    Vanilla Man for Governor !!!!!!


  11. - the Patriod - Friday, Apr 16, 10 @ 11:15 am:

    State programs will alwasy fail to produce long term economic growth. It has been true for the entire history of the world and I fail to see why people believe we can do it better now. We have been adding program after program for 10 years and almost line by line they cost more then projected and produce less than
    projected.

    We have to stop telling people we are almost out of the economic downturn. Uemployment will hit 13% before the Nov election and maybe 15% before it turns. I said this last fall. Talk to a banker or someone else who has to make a living analyzing the economy. Not a pundit who makes a living advocating one side or the other. The only thing worse then a the reality of bad news is false hope followed by the bad news.

    If you are an elected official that telling people we are 3 to 6 months from turning the corner, you are either lying to save your job, or too dumb to keep it.


  12. - conda67 - Friday, Apr 16, 10 @ 11:55 am:

    Ghost for gov!


  13. - Squideshi - Friday, Apr 16, 10 @ 12:13 pm:

    Why is Will County so low compared to its neighbors?


  14. - wordslinger - Friday, Apr 16, 10 @ 1:09 pm:

    –So, the national numbers are naturally healthier than the Illinois numbers, just as the national numbers are naturally lower for freer market states.–

    Ignorant beyond belief. On so many levels.


  15. - Ghost of John Brown - Friday, Apr 16, 10 @ 1:58 pm:

    Conda67 - thanks for the props. However, given that our Governor from 2 cycles ago is in prison, and the last governor may be going there soon, I don’t know if it is a job I want. I’ll let you know if I change my mind.


  16. - Rob - Friday, Apr 16, 10 @ 2:08 pm:

    On the topic of foreclosures, take a look at the Center for Neighborhood Technology’s new report, “Penny Wise and Pounf Fuelish.” It conatins interestesting spatial analysis of foreclsoures. It’s on the Net, so just use your favorit search engine to find it.


  17. - Rob - Friday, Apr 16, 10 @ 2:08 pm:

    . . . Pound Fuelish.


  18. - Big Ears - Friday, Apr 16, 10 @ 3:22 pm:

    Stop using RealtyTrac for foreclosure data. It’s wrong. Yeah, yeah, “But NPR and the Chicago Tribune use it.” Maybe. But it’s still wrong. There are Illinois counties w/ 40,000 residents that that website claims has 20,000 homes facing foreclosure. The data just isn’t right. Period.

    Not to mention that including a density map graphing foreclosures shows more about the populations of those areas than anything else.

    Sorry for being so cranky, but that website really bothers me (a website that’s thriving because lazy news groups assume it’s accurate, then use it to source batton-down-the-hatches fear stories about the bum economy. Hmph).


Sorry, comments for this post are now closed.


* Reader comments closed until Sunday afternoon
* Pritzker attacks Rauner property tax freeze as "political stunt," outlines his own idea
* Et tu, Diana?
* *** UPDATED x1 *** Rauner claims SDems "caved" to Madigan, Cullerton's office responds
* Question of the day
* Bost pot, meet Bost kettle
* *** UPDATED x2 *** SUBSCRIBERS ONLY - This just in...
* Another hostage goes down
* Firefighters endorse Pritzker
* Dueling press releases: Rauner vs. DGA
* New Rauner video uses TV talking heads to help make his points
* Some suburbs and college towns are shrinking, too
* Today's must-read
* Kennedy's "next phase"
* Pritzker borrows yet another move from Rauner playbook
* *** UPDATED x4 - Civic Committee: Work it out - Rauner: Madigan "intentionally misleading," SDems "caved" to Madigan on grand bargain*** Madigan lays out progress to Civic Committee, asks for help dealing with Rauner
* *** LIVE *** Session coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

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

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

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

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

...............
<


Loading


* Frerichs pushing for tax legislation - Carmi Times..
* Statehouse Insider: We’ve been down this budget.....
* Statehouse Insider: We've been down this budget.....
* Gov. Rauner faces uncertain future in next elec.....
* DCFS boss: ‘Systemic failures’ preceded death o.....
* Why Illinois Is Closing in on 700 Days Without .....
* Local business notes: Springfield Black Chamber.....
* Gov. Rauner faces uncertain future in next elec.....
* New Hastert accuser sues Speaker, Yorkville Sch.....
* Power sellers fight state marketing clampdown..


* Kids age 11 and under may ride Metra for free this summer
* Army veteran receives Bronze Star 64 years after discharge
* Chicago police arrest 30 to curb holiday weekend violence
* Report: DCFS Joliet office had contest to close most cases
* Severe storms packing hail, strong wind likely in central US
* Holocaust survivor, 89, to celebrate bar mitzvah
* WWII bomber plane to appear at Scott Air Force Base show
* Convicted murderer appeals 100-year sentence
* Excavation at jail site turns up bones
* EXCHANGE: Drug, mental health court grads get second chance

* Senate approves workers' comp changes
* Push for downtown Springfield casino taking shape
* Push for Springfield casino taking shape
* Push for smaller Springfield casino taking shape
* Census: Springfield population drops below 2010 levels
* Census: Springfield-Sangamon Co. population drops below 2010 levels
* Senate panel questions state warehouse leasing process
* Senate committee questions the leasing process in which Illinois acquires warehouses
* Trump budget draws different Illinois reviews
* Bernard Schoenburg: Senate Democrats take action; situation still tense

* The place where media pain hurts most: Springfield
* For the GOP, it's all about the Benjamins
* Online lender Avant's reboot still hasn't yielded profit
* Mike Keiser knows where golf is alive and well. (It's not Illinois)
* Caterpillar turns to students for fresh ideas


* Police: 16-year-old boy who tried to rob man in Oak Park shot to death
* Everything you need to know about Luis Robert
* Sox prospect Luis Robert makes his debut at Guaranteed Rate Field
* Man, 25, shot in Aurora
* Soccer roundup: Arsenal wins FA Cup; Barcelona wins Copa del Rey
* Hall of Fame baseball player, U.S. Senator Jim Bunning dies at 85
* Sox shut out Tigers in first game of doubleheader
* Person in custody in killing of Pennsylvania woman in Schiller Park
* DCFS boss: ‘Systemic failures’ preceded death of Semaj Crosby
* ‘T.’ stage drama revisits the still-fascinating Kerrigan-Harding saga


* All aboard: Joliet Rocket steamin' into town
* Cheap out: Five fun things to do for free
* Quigley says Russia probe is 'in its infancy'
* Chicago in epicenter of charter school teacher contract disputes
* Local veterans sought for Library of Congress oral history project
* Police: Suspect in fatal Portland train stabbings ranted about Muslims
* Amid escalating Russia crisis, Trump considers major staff changes
* Controversial umpire Joe West closing in on historic baseball milestone
* British Airways cancels hundreds of flights from London airports amid major tech failure
* Mother of Uber CEO Travis Kalanick killed in boat accident


» 17-Month Old Semaj Crosby’s Death Linked To Systemic, Family Failures
» 17-Month-Old Semaj Crosby’s Death Linked To Systemic, Family Failures
» Senate Passes Workers' Compensation Bills — Most Republicans Reject It
» State Week: Tax Hike Getting Cold Shoulder
» Popular Music Store Finds New Home On Navy Pier
» For West Side Students, Playing Outside Is Protesting Against Gun Violence
» Offline And On Paper: Chicago Teens Make Zines In An Ephemeral World
» Judge Refuses To Dismiss Murder Case Against Chicago Cop Who Shot Laquan McDonald
» Chicago Firm Will Run $1 Billion Overhaul Of Union Station
» State Committee Approves Tougher Sentences For Repeat Gun Offenders


* Senate approves workers' comp changes
* Charles Krauthammer: Why Middle East peace starts in Saudi Arabia
* Illinois Policy Institute: Prosperity is possible for Illinois
* Thumbs Up: To Hope Learning Academy for opening an inclusive restaurant
* Illinois Chamber of Commerce: Seize the opportunity
* Push for downtown Springfield casino taking shape
* Push for Springfield casino taking shape
* No: Trumpcare would result in less service, bigger bills
* Yes: Replacement would afford women better options, lower costs
* Push for smaller Springfield casino taking shape


* Final Day: Boys State Track & Field
* Saturday horse racing at Fairmount Park canceled due to weather
* Urbana High School Graduation 2017
* Honoring veterans gets the green light in Decatur
* House fire at 37 Oakleigh Drive, rural Belleville
* Firefighters called to blaze, report of explosion at Belleville home
* Belleville fire leaves house a ‘total loss’
* Gov. Rauner faces uncertain future in next election
* Two Rivers National Wildlife Refuge announces summer programs
* Repeat winners in Passavant-Gatorade 5K, 10K


* Softball: Yorkville upsets top-seeded Geneva
* College of Lake County planning year-end festival
* Softball: West Aurora rallies past Oswego East
* U-46 awards diplomas to more than 2,700 graduates
* Softball: Conant drops South Elgin for 4th straight regional title

* PHOTOS: Protesters stage die-in at Randy H...
* US Rep. Randy Hultgren's office the scene ...
* Second Democrat announces bid to unseat Hu...
* Sweet: Hultgren, Roskam, Kinzinger avoid b...
* Greg Hinz on Politics For the GOP, it's al...
* Local Republicans, Democrats praise appoin...
* Dems shift financial debate to spotlight T...
* Teacher raised in Yorkville running agains...
* Protesters continue die-in at US Rep. Rand...
* Jim Walz Will Challenge Randy Hultgren for...

* Trumpcare Would Worsen Opioid Crisis in Du......
* Trumpcare Would Worsen Opioid Crisis in Du......

* Program in Illinois that serves the poor g......

* Weezie and Her Goslings Do the "Weiss Waddle" To Montrose Harbor
* Free Tours of Hutchinson And Entertainment District As Part of Uptown Saturday Night (June 3)
* Wilson L Construction Update -- Next: The Station Houses
* Uptown Saturday Night Presents Salsa Music and Dancing (June 3)
* In Chicago, fighting for fair housing has a history.
* Keeping retirement weird. What trees do we plant?
* Alderman Arena. We better have his back.
* Crain's: Why so many young Chicago men pull the trigger
* Illinois school funding and HB 2808. What’s wrong with the Evidence Based Model?
* Get Together With Your Ainslie Winmore Neighbors


* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

  
* iPhone 8 issues found a fix, Essential Products has a date & more – Pocketnow Daily
* T-Mobile portfolio now includes Kyocera DuraForce Pro and Alcatel Go Flip
* Convertibles, Project Treble and Fear China! | #PNWeekly 254
* OnePlus 5 spec claims, Galaxy S8 Iris scanner update & more – Pocketnow Daily
* Ever bought a OnePlus phone? Refer your peeps, share the benefits
* Wireless industry veteran is out as Tidal CEO
* Essential teases a unique, mysterious image of upcoming smartphone

* Danish, Sox blank Tigers for DH-opening win
* White Sox sign Cuban OF prospect Robert
* Moves have White Sox positioned for bright future
* Saladino to DL with back spasms; Engel up
* White Sox execs thrilled to add Robert
* Danish gets ball to open twin bill vs. Tigers
* White Sox sign Cuban OF prospect Robert


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

Archives
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
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




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