Tag: Unemployment
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Labor Force Participation Rate Lowest Since 1981
This story is actually over a month old. It’s been sitting in the “drafts” folder. Still just as relevant as the day it was published. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and…
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Teens Employment Lowest Since WWII – Obama Not Helping
This article was published yesterday about the same time that Obama was in the Rose Garden making the situation worse: Fewer than 3 in 10 American teenagers now hold jobs such as running cash registers, mowing lawns or busing restaurant tables from June to August. The decline has been particularly sharp since 2000, with employment…
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Layoffs on Wall Street?
After adding thousands bankers in the past two years, financial firms again appear to be on the verge of cutting that many positions and then some. Consultants and Wall Street recruiters say banks could eliminate nearly 21,000 jobs from their securities divisions in New York alone. Worldwide cuts could be even larger. Recruiters say big…
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Labor Force Participation Rate Messes with Unemployment Rate
Exactly a month ago I wrote about the bogus employment numbers claimed for the Chicago area. I claimed that there were no actual jobs “created” and that the only reason the employment rate went down was because people simply left the job market. Didn’t have this at the time… but my theory has real support.…
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IL, 3rd Worst for Business …again
Let’s first get some background on the winners: In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the dubious honor of being ranked dead last for the eighth…
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Bogus Chicago-area Jobless Rate Dips
Lies… Damn Lies… and Statistics: The February unemployment rate in the Chicago area dropped to 8.9 percent from 9.6 percent a year ago, according to preliminary data released Thursday by the Illinois Department of Employment Security. The Chicago area, which includes Joliet and Naperville added roughly 38,100 jobs to the payrolls, according to the data,…
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Killer Received Unemployment While In Jail
Authorities say a convicted killer who gained notoriety for having a murder scene tattooed on his chest received unemployment benefits while he was in jail. Sheriff’s Capt. Mike Parker said Saturday that Anthony Garcia, nicknamed “Chopper,” received more than $30,000 in fraudulent unemployment while in Los Angeles County jail from 2008 to 2010. via Fox…
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Illinois Unemployment vs. The Media
Good News!! CHAMPAIGN, Ill. (AP) — Unemployment dropped to 9.8 percent in Illinois in December, state officials said Friday, a second straight monthly decrease that capped a year in which the jobless rate fell almost a full percentage point from 2010. via Chicago Tribune. Or, maybe not: The unemployment rate in the Chicago area rose…