Saturday, January 23, 2010

Illinois unemployment second-worst in Midwest

UPDATE 2:22 PM Here's a video story from FOX Chicago on the 11.1% unemployment facing our state!



AP:
Michigan's December rate was 14.6 percent, compared to 11.1 percent in Illinois, 10.9 percent in Ohio and 10.7 percent in Kentucky.
This article seemed to talk about unemployment in Indiana which was only 9.9% last month. In November of last year it was 9.6%. Still they aren't as high as our state!

More on this story from Crain's:
Unemployment in Illinois jumped to 11.1% in December, according to state figures.

The state jobless rate rose from 10.9% in November and is up from 7.2% in December 2008, the Illinois Department of Employment Security reported.

The three-month average also increased to 11% from 10.8%.

“The statewide unemployment rate reflects persistent weakness in national job growth as our country wrestles toward economic recovery,” said IDES Director Maureen O’Donnell in a statement. “Given the depth of this recession, consistent and sustained job creation must occur at the national level before it can be expected in Illinois.”

The state lost 16,300 jobs during December, the 23rd consecutive monthly loss, led by cuts in construction as well as trade, transportation and utilities jobs.

Over the 12 months of 2009, companies statewide cut 237,300 workers.

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