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....

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...

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...

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....

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...