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Illinois adds almost 15,000 jobs in a month, but IDES still gloomy

Thursday, Apr 14, 2016 - Posted by Rich Miller

* Press release…

The Illinois Department of Employment Security (IDES) announced today that Illinois’ unemployment rate in March rose 0.1 percentage points to 6.5 percent and nonfarm payrolls increased by +14,700 jobs, based on preliminary data released by the U.S. Bureau of Labor Statistics (BLS) and IDES. Illinois surpassed its January 2008 payroll peak by +16,500 jobs but remains -46,100 jobs short of its peak employment level reached in September 2000. Illinois continues to lag behind while the nation currently stands 3.9 percent above its prior peak employment level.

“While Illinois experienced job growth in March, the over-the-year growth rate still lags behind the rest of the nation,” said IDES Director Jeff Mays. “Monthly employment numbers are volatile but in order to see true and robust job growth, we need more effective policies in place to help Illinois recover its employment peak.”

“Unemployment in Illinois continues to rise as our state fails to keep pace with the rest of the country in job growth,” Department of Commerce and Economic Opportunity Director Sean McCarthy said. “Industries like manufacturing continue to struggle to regain jobs lost since 2008 - in March alone, 100 manufacturing jobs per day were lost; that’s 100 middle-class families every single day facing the financial stress, hardship and uncertainty of losing a well-paying job. We need to take action on structural reforms that will make Illinois as competitive as it should be to curb the loss of middle-class jobs.”

In March, the three industry sectors with the largest gains in employment were: Leisure and Hospitality (+6,300); Construction (+4,100) and Financial Activities (+3,200). The two industry sectors with the largest declines in employment were: Manufacturing (-3,100); and Professional and Business Services (-1,400).

Over the year, nonfarm payroll employment increased by +79,900 jobs with the largest gains in Leisure and Hospitality (+25,500); Educational and Health Services (+21,600); and Trade, Transportation and Utilities (+16,800). Industry sectors with over-the-year declines in March include: Manufacturing (-7,500) and Information (-1,900). The 1.3 percent over-the-year gain in Illinois is less than the 2.0 percent gain posted by the nation in March.

The state’s unemployment rate is higher than the national unemployment rate reported for March 2016, which inched up to 5.0 percent. The Illinois unemployment rate stood 0.6 percentage points above the unemployment rate a year ago when it was 5.9 percent. According to IDES analysts, the unemployment rate is increasing in Illinois because of lagging job growth and more workers entering the labor force who are not immediately able to find work.

The number of unemployed workers increased +2.3 percent from the prior month to 429,600 and was up +11.6 percent over the same month for the prior year. The labor force grew by +2.3 percent in March over the prior year. The unemployment rate identifies those individuals who are out of work and are seeking employment. An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work.

…Adding… From walker in comments…

As soon as some sort of victory is declared on the TA, these same data will be portrayed as “Illinois Is Back!”

Yep.

  30 Comments      


Because… Madigan!

Thursday, Apr 14, 2016 - Posted by Rich Miller

* Speaker Madigan will appear at a fundraiser for Sangamon County Democrats on April 25. Bernie talked to Steve Brown and the county’s party chairman Doris Turner about the visit…

Brown said he didn’t want to single out any local races of interest to Madigan “because it might allow somebody to portray themselves as some kind of a victim. We don’t like to give them that advantage. There’s certainly a lot of competitive races around the state … especially given the fact that the governor seems to be pretty much of an anchor around the neck of most of the Republicans right now.”

Isn’t Madigan a similar anchor for Democrats?

“I’d say look at the results of the election and let us know how that worked out last election,” Brown said, apparently referring to races including [state Sen. Sam McCann’s] primary win [during which he was portrayed as “Madigan’s favorite senator] and the primary loss of state Rep. Ken Dunkin, D-Chicago, who sided with Rauner on some issues and criticized Madigan’s leadership.

I asked Turner if Madigan might hurt local candidates.

“I really don’t think so,” she said. “I think that in the current climate … his message is much more palatable to the average working people of the Democratic Party.”

* They gotta say what they gotta say, but the hard truth is that MJM is extremely unpopular in this state. Yes, some normally reform-minded liberal columnists have been praising him lately for standing up to Rauner, but out there in Voter Land, he ain’t exactly being hailed.

Along those lines…


* From the ILGOP…

Dear Friend,

Remember what Governor Rauner set out to do just over a year ago. Everywhere I go, people ask me to to tell the Governor not to back down, and believe me, he isn’t. Every day, he is fighting Mike Madigan and the politicians he controls to bring about much needed reform to a state government that is wildly out of balance.

Just yesterday, Governor Rauner met with Mike Madigan and leaders in the General Assembly to bring about a balanced budget, but Madigan said no to reform and yes to forcing a massive tax hike on working families here in Illinois.

Illinois’ debt grows every day, but Democrats in Springfield refuse to provide relief to Illinois taxpayers and refuse to live within their means.

Let Governor Rauner know, we believe as he does, that the path to saving our state starts with balancing our budget - not forcing a massive tax hike. The time is now to turnaround a state government that has been broken for decades.

But Governor Rauner can’t do it alone - your help is needed. Stand with him as he fights to end the status quo in Springfield. Can you give $25, $50, or $100 in the fight against Madigan and his Democrat allies?

Join the movement to bring back Illinois. Make sure the Governor knows that we don’t want him to back down. Your help is needed now. We don’t have much time before it’s too late.

For Illinois,

Tim Schneider

Chairman, Illinois Republican Party

They wouldn’t be using Madigan in a fundraising pitch if they thought it’d fail. Just sayin…

…Adding… Heh…


  48 Comments      


*** LIVE *** Session Coverage

Thursday, Apr 14, 2016 - Posted by Rich Miller

* Watch what happens with ScribbleLive…


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