Thursday, April 23, 2009

Metro Chicago unemployment up to 9.3%

Crain's:
Metropolitan Chicago’s jobless rate was 9.3% in March, a level not seen in 17 years.
The rate jumped from 5.6% the same month last year.

The figure reported Thursday by the Illinois Department of Employment Security has not been adjusted for seasonal factors — such as weather or holidays — that can account for a spike or a decline in hiring. The last time the area had a 9.3% jobless rate was in June 1992.

The metro area — which encompasses Chicago, Naperville and Joliet — had the seventh-highest March jobless rate for the 12 statistical areas tracked by IDES. Rockford’s was highest with 13.5%. 
 Also from Crain's: Jewel cuts prices to lure shoppers. Very interesting.

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