WBEZ | Unemployment Rate http://www.wbez.org/tags/unemployment-rate Latest from WBEZ Chicago Public Radio en Obama: Economy has to grow 'even faster' http://www.wbez.org/news/obama-economy-has-grow-even-faster-100689 <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/AP120706018203.jpg" alt="" /><p><p>A sobering economic snapshot intensified the presidential campaign on Friday as President Barack Obama rolled through two vote-rich battleground states and Republican Mitt Romney fended off conservative complaints about his plan for winning.</p><div><p>A stand-pat jobless report that left the unemployment rate unchanged at 8.2 percent set a new standard from which to judge the president and for Romney to attempt to exploit with Election Day only four months away.</p><p>Obama, campaigning in Ohio, focused on private-sector job growth.</p><p>&quot;Businesses have created 4.4 million new jobs over the past 28 months , including 500,000 new manufacturing jobs,&quot; Obama said. &quot;That&#39;s a step in the right direction.&quot;</p><p>Romney&#39;s reaction was biting.</p><p>&quot;The president&#39;s policies have not gotten America working again. And the president is going to have to stand up and take responsibility for it,&quot; he said, adding, &quot;This kick in the gut has got to end.&quot;</p><p>The jobs report showed only 80,000 jobs created in June, a disappointing number that comes amid growing public anxiety about the economy and with Election Day just four months away.</p><p>Alan Krueger, the chairman of the White House&#39;s Council of Economic Advisers, said the jobs report shows the economy is continuing to heal with the private sector adding jobs for 28 straight months. But the 80,000 net jobs created are not enough to keep up with population growth and Krueger conceded more must be done to recover from the financial crisis and the recession.</p><p>Obama began the day going after votes over a little eggs and grits, taking up a stool at Ann&#39;s Place, a local restaurant in Akron.</p><p>Romney was at his lake-side vacation home amid growing anxiety among conservatives that he was not being aggressive enough and was squandering his opportunity to win in November. Republicans worry that Obama&#39;s attacks against Romney are taking their toll on the challenger and right-leaning leaders in business and the media say he is presenting a muddled case for his presidency despite a weak economy.</p><p>&quot;I don&#39;t say much to critics,&quot; Romney told reporters, noting that he has issued a 59-point economic plan to counter the president.</p><p>On his tour, Obama was promoting policies that he says have helped states such as Pennsylvania and Ohio, particularly the government bailout of Chrysler and General Motors.</p><p>&quot;We saved an auto industry. That saved hundreds of thousands of jobs here in Ohio,&quot; Obama said in an interview with NBC affiliate WLWT in Cincinnati that was aired Friday. &quot;We passed a health care law that&#39;s going to mean security for Ohioans.&quot;</p><p>Obama questioned Romney&#39;s motives on health care in the same interview, accusing his rival of caving under pressure from conservative commentator Rush Limbaugh for saying that requiring all Americans to buy health insurance amounts to a tax.</p><p>Romney said Wednesday the Supreme Court ruled the requirement to buy health insurance was a tax, which amounted to a shift in his position. Earlier in the week, senior adviser Eric Fehrnstrom said Romney viewed the mandate as a penalty, a fee or a fine &mdash; not a tax.</p><p>&quot;So the question becomes, are you doing that because of politics?&quot; Obama said. &quot;Are you abandoning a principle that you fought for, for six years simply because you&#39;re getting pressure for two days from Rush Limbaugh or some critics in Washington?&quot;</p><p>The jobless numbers promised to command attention Friday and determine the nature of the political debate. The unemployment and hiring figures provide monthly milestones with which to measure the human toll of the weak economic recovery.</p><p>Republicans were quick to pounce on the report, declaring that Obama&#39;s policies had failed.</p><p>&quot;The president bet on a failed &#39;stimulus&#39; spending binge that led to 41 months of unemployment above 8 percent,&quot; House Speaker John Boehner said Friday. &quot;He bet on a government takeover of health care that&#39;s driving up costs and making it harder for small businesses to hire.&quot;</p><p>Democrats sought to capitalize on the jobs created, which at 80,000 is not enough to keep up with population growth but sustains a string of months where the private sector has increased hiring.</p><p>&quot;With the private sector continuing to create jobs for the twenty-eighth consecutive month, our economic recovery continues to push forward,&quot; Rep. Steny Hoyer of Maryland, the second ranking Democrat in the House, said in a statement.</p><p>Friday&#39;s jobless report comes as the public&#39;s confidence about the economy is already wavering. The percentage of people in an Associated Press-GfK poll last month that said the economy got better in the past month fell below 20 percent for the first time since fall. And few said they expected much improvement in the unemployment rate in the coming year.</p><p>Romney has not been able to exploit that sentiment fully. In national polls, the president either retains a slight edge or is in a statistical tie with his challenger.</p><p>The economic data continues to provide a mixed picture of the recovery. Weekly unemployment benefit applications dropped last week to the lowest number since the week of May 19. At the same time, retailers recorded tepid sales in June. And a report last week said U.S. manufacturing shrank in June for the first time in nearly three years, undermining a top Obama talking point.</p><p>In selecting Ohio and Pennsylvania for his two-day bus tour, Obama began a more retail-oriented phase of his campaign in two battleground states that have had better economic experiences than other parts of the country. Both states had unemployment rates of 7.3 percent in May, well below the national average of 8.2 percent.</p></div><p>&nbsp;</p></p> Fri, 06 Jul 2012 10:43:00 -0500 http://www.wbez.org/news/obama-economy-has-grow-even-faster-100689 Illinois struggles to improve unemployment figures http://www.wbez.org/episode-segments/2011-12-05/illinois-struggles-improve-unemployment-figures-94587 <img typeof="foaf:Image" src="http://llnw.wbez.org/segment/photo/2011-December/2011-12-05/Unemployment.jpg" alt="" /><p><p>November saw a slight dip in national unemployment levels, which dropped from 9 to 8.6 percent. Analysts have been debating whether that change was significant.</p><p>However, here in Illinois, the scenario looked a little bleaker: Illinois’ unemployment rate is 10.1 percent.</p><p>Job growth seemed to be happening in fits and starts locally: Financial services added 400 jobs here but manufacturing lost 600 there. Then, last week the Illinois House rejected legislation that would provide tax relief to businesses throughout the Prairie State. That legislation was aimed at keeping big companies in Illinois, including the <a href="http://www.cmegroup.com/" target="_blank">Chicago Mercantile Exchange</a> and <a href="http://www.searsholdings.com/" target="_blank">Sears</a>. As more companies rumbled about the situation in Illinois, David Greising joined <em>Eight Forty-Eight</em> for a look at how the state is doing and whether the business scenario is greener elsewhere. Greising is a reporter with the <a href="http://www.chicagonewscoop.org/" target="_blank"><em>Chicago News Cooperative</em></a>.</p><p><em>Music Button: Shark Quest, "Blake Carrington", from the album Battle of the Loons, (Merge)</em></p></p> Mon, 05 Dec 2011 15:03:00 -0600 http://www.wbez.org/episode-segments/2011-12-05/illinois-struggles-improve-unemployment-figures-94587 The nation's unemployment rate dips slightly in July http://www.wbez.org/story/nations-unemployment-rate-dips-slightly-july-90164 <img typeof="foaf:Image" src="http://llnw.wbez.org/story/photo/2011-August/2011-08-05/Job applicants_Getty_Justin Sullivan.jpg" alt="" /><p><p>Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.</p><p>The Labor Department says employers added 117,000 jobs last month. That's an improvement from the past two months.</p><p>"That's not great, but it's pretty good," said Chris Low, chief economist for FTN Financial on the <em>Marketplace Morning Report</em> on WBEZ.</p><p>However, the unemployment rate fell partly because some unemployed workers stopped looking for work. That means they are no longer counted as unemployed.</p><p>Even so, the mild gain may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points on Thursday over concerns that the U.S. may be entering another recession.</p><p>The economy needs twice as many net jobs per month to rapidly reduce unemployment, and Low points out that it could take a year or more of such job growth to truly turn the labor picture around.&nbsp;</p><p>"We're just not doing enough in this economy to pull this unemployment rate down," Low said.</p><p>The rate has topped 9 percent in every month except two since the recession officially ended in June 2009.</p><p><br> &nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p></p> Fri, 05 Aug 2011 13:40:00 -0500 http://www.wbez.org/story/nations-unemployment-rate-dips-slightly-july-90164 Tracking the full measure of unemployment, state-by-state http://www.wbez.org/story/2011-08-03/tracking-full-measure-unemployment-state-state-90296 <img typeof="foaf:Image" src="http://llnw.wbez.org/npr_story/photo/2011-August/2011-08-09/Job applicant_Getty_Justin Sullivan.jpg" alt="" /><p><p>There are <a href="http://www.npr.org/blogs/money/2011/07/08/137698103/more-than-25-million-are-unemployed-or-cant-find-full-time-work" target="_blank">more than 25 million Americans</a> who are either unemployed or can't find full-time work.</p><p>Nationwide, the <a href="http://www.bls.gov/lau/stalt.htm" target="_blank">broader unemployment rate</a>, which tracks this group, is 16.2 percent. But the rate varies widely from state to state, according to the <a href="http://www.bls.gov/lau/stalt.htm" target="_blank">latest numbers</a> from the BLS. In Illinois it stands at 16.8 percent, which places the state 39th out of 50. </p><p></p><p>Nevada, which is still digging out from the housing bust, had the highest broader unemployment rate at 23.3 percent. California (21.8 percent) and Michigan (19.6 percent) had the second and third highest rates.</p><p>North Dakota, with its recent oil boom, had the lowest rate with 7.2 percent. Other states in the mid-west, South Dakota and Nebraska, also had relatively low rates of broader unemployment. To see our interactive map comparing rates in each state <a href=" http://www.npr.org/blogs/money/2011/08/03/138900398/unemployment-in-your-state-contd">click here</a> </p><p><strong>For more:</strong></p><p><strong></strong>See our recent maps of state-by-state <a href="http://www.npr.org/blogs/money/2011/06/09/137039044/hows-the-economy-in-your-state" target="_blank">economic growth</a> and <a href="http://www.npr.org/blogs/money/2011/06/20/137245758/unemployment-in-your-state" target="_blank">unemployment rates</a>. <div class="fullattribution">Copyright 2011 National Public Radio. </p> Wed, 03 Aug 2011 13:33:00 -0500 http://www.wbez.org/story/2011-08-03/tracking-full-measure-unemployment-state-state-90296 As unemployment rises, Chicagoans protest http://www.wbez.org/story/unemployment-rises-chicagoans-protest-88912 <img typeof="foaf:Image" src="http://llnw.wbez.org/story/photo/2011-July/2011-07-08/unemployment protest 2.JPG" alt="" /><p><p>The <a href="http://www.wbez.org/story/unemployment-rate-rises-june-job-creation-slows-88872">U.S. Department of Labor reported today</a> that the nation's unemployment rate rose to a six-month high of 9.2 percent, up from last month's rate of 9.1 percent. Some Chicago residents say they're worried about finding work.</p><p>Organizers for <a href="http://www.chicagojwj.org/">Jobs with Justice</a> rallied at the Thompson Center in downtown Chicago Friday afternoon to protest what they view as the government's mishandling of the current recession. They marched to a nearby Citibank, vocalizing their distress at the excess of money they argue is going to corporations.</p><p>“For the average person on the street, and for somebody my age, you really need a very healthy economy before you can have any prospect finding work,” said Robert Roman, a Rogers Park resident. “When you’re unemployed at 60 years old, it’s really tough, even when you have credentials.”</p><p>Even some younger Chicagoans don't see a particularly bright future. "When I went to school, they told us, we have...more jobs available than you can possibly take. It’s just not shaping up that way," said&nbsp;Brigidann Rauch, a recent graduate with a Master’s Degree in Urban Planning.</p><p>According to the <a href="http://www.ides.state.il.us/">Illinois Department of Employment Security</a>, the unemployment rate in the Chicago metro area was 9.8 percent in May, up from 8.7 percent in April.</p><p>"I’m not actively looking for work because I know it’s absolutely useless," said Roman. "I have a certain amount of cushion that I can fall back on, and I figure, may as well use that up."</p></p> Fri, 08 Jul 2011 21:22:00 -0500 http://www.wbez.org/story/unemployment-rises-chicagoans-protest-88912 Illinois metro areas see May jobless rates drop http://www.wbez.org/story/illinois-metro-areas-see-may-jobless-rates-drop-88267 <img typeof="foaf:Image" src="http://llnw.wbez.org/story/photo/2011-June/2011-06-23/107316494.jpg" alt="" /><p><p>State officials say unemployment in all 12 Illinois metro areas dropped in May, and all but three of those regions added jobs or were unchanged.&nbsp;</p><p>The Illinois Department of Employment Security put out its monthly metro and county-level unemployment stats today. The department says the biggest decreases last month were in Peoria, Rockford, Danville and the Kankakee-Bradley area.&nbsp;</p><p>Rockford remains the area with the highest unemployment rate at 10.7 percent. But that's down from 14.2 percent a year earlier.&nbsp;</p><p>Unemployment in the Chicago-Joliet-Naperville area was 9.8 percent in May. That's down from 10.4 percent over the past year.&nbsp;</p><p>The Peoria area added 5,300 jobs over the past year as manufacturers such as Caterpillar Inc. continued to bounce back from the recession.</p></p> Thu, 23 Jun 2011 20:40:00 -0500 http://www.wbez.org/story/illinois-metro-areas-see-may-jobless-rates-drop-88267 Unemployment rate rises as job creation slows http://www.wbez.org/story/unemployment-rate-rises-job-creation-slows-87372 <img typeof="foaf:Image" src="http://llnw.wbez.org/story/photo/2011-June/2011-06-03/Job applicant_Getty_Justin Sullivan.jpg" alt="" /><p><p>The nation's unemployment rate rose to 9.1 percent in May, as hiring slowed to the lowest level in eight months, according to the U.S. Department of Labor.&nbsp;</p><p>The Labor Department reported that employers hired only 54,000 new workers in May, down sharply from the previous three months, when the economy added an average of 220,000 new jobs.</p><p>The new data offered startling evidence that the U.S. economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt U.S. manufacturers.&nbsp;</p><p>"Every time we've had a strong quarter, it's been followed by a week one," FTN Financial Chief Economist Chris Low told PRI's Marketplace Morning Report on WBEZ Friday.</p><p>In May, private companies hired only 83,000 new workers - the fewest in nearly a year.&nbsp; Local governments cut 28,000 jobs last month, the most since November. That marks the 22 straight month in which municipalities have shed jobs. &nbsp;</p><p>More people entered the work force last month, which pushed the unemployment rate up from 9.0 percent in April.</p><p>Despite the rise in unemployment and the drop in job creation, Low noted that while the May numbers are the worst in eight months, but the April numbers were the best in six years.&nbsp;</p><p>"It's important to view the two months together," he said.</p><p>Meanwhile, the Illinois Department of Employment Security reported last week that unemployment rates fell in each of Illinois' 12 metro areas during the month of April.&nbsp; That marks the eight consecutive month in which unemployment rates have declined.&nbsp;</p><p>Earlier this month the department said statewide unemployment fell in April from 8.8 percent to 8.7 while the national rate rose .2 percent to 9 percent.<br> <br> &nbsp;</p><p>&nbsp;</p></p> Fri, 03 Jun 2011 13:51:00 -0500 http://www.wbez.org/story/unemployment-rate-rises-job-creation-slows-87372 Hiring in Illinois outpaces national average http://www.wbez.org/story/2011-economy/hiring-illinois-outpaces-national-average-84258 <img typeof="foaf:Image" src="http://llnw.wbez.org/story/photo/2011-March/2011-03-25/Job applicants_Getty_Justin Sullivan.jpg" alt="" /><p><p>The latest government data suggest some states are recovering much faster than others from the recession, including a few that were hit the hardest.&nbsp;</p><p>U.S. companies have added jobs for 12 straight months, but the gains have been uneven.</p><p>The U.S. Labor Department says the unemployment rate dropped in 27 states in February, including Illinois. It rose in seven states and stayed the same in 16.&nbsp; Last week, the Illinois Department of Employment Security announced the state's jobless rate had fallen to 8.9 percent for Februrary. &nbsp;That's the first time since February 2009 that the unemployment rate has been below nine percent - and the 13th consecutive monthly decline in unemployment rolls.</p><p>Job growth in Illinois stands at 1.5 percent, which slightly outpaces the national average of 1.0 percent.&nbsp; The industries posting the biggest job increases in Illinois include Professional and Business Services, Education and Health Services, and Trade, Transporation and Utilities.</p><p>Forty-four states have added jobs during the last year, including some that were badly battered during the downturn. Since January 2010, Illinois has added 85,000 jobs, according to the Illinois Department of Employment Security.&nbsp; California added nearly 200,000 net jobs, and Michigan created a net 71,000 jobs during the last year.</p><p>Still, six states reported a net loss in jobs in that time, including a few that weren't considered trouble spots: New Jersey, New Mexico, and Kansas.<br />&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br /><br /><br />&nbsp;</p></p> Fri, 25 Mar 2011 17:25:00 -0500 http://www.wbez.org/story/2011-economy/hiring-illinois-outpaces-national-average-84258 U.S. shed 651,000 jobs in February http://www.wbez.org/ssargent/2009/03/us-sheds-651000-jobs-in-february/7267 <p>The Bureau of Labor Statistics reported Friday that the national unemployment rate jumped to 8.1 percent last month, its highest total in 25 years. The economy has now hemorrhaged more than 4.4 million jobs since the recession started in December 2007.</p> Fri, 06 Mar 2009 11:31:00 -0600 http://www.wbez.org/ssargent/2009/03/us-sheds-651000-jobs-in-february/7267 Immigrants and the Recession http://www.wbez.org/ahill/2009/02/immigrants-and-the-recession/7251 <p>Tomorrow, I'll have a <a href="http://www.wbez.org/Content.aspx?audioID=32324">story</a> on the air about a new immigrant to the US from China--and the tough competition she's facing looking for work.‚  In reporting the story I've run across a lot of ‚ interesting research about how immigrants are faring during the recession.‚  <div>An expert from the Migration Policy Institute will be on <em><a href="http://www.wbez.org/Program_848.aspx">848 </a></em>tomorrow talking about their new‚ report "<a href="http://www.migrationpolicy.org/pubs/lmi_recessionJan09.pdf">Immigrants and the Current Economic Crisis: Research Evidence, Policy Challenges, and Implications</a>"‚ </div> The Pew Hispanic Center also has a new study out‚ ‚ "<a href="http://pewhispanic.org/files/reports/102.pdf">Unemployment Rose Sharply Among Latino Immigrants in 2008</a>"‚  It finds that : "The current recession is having an especially severe impact on employment prospects for immigrant Hispanics, according to an analysis of the latest Census Bureau data by the Pew Hispanic Center, a project of the Pew Research Center. The unemployment rate for foreign-born Hispanics increased from 5.1% to 8.0%, or by 2.9 percentage points, from the fourth quarter of 2007 to the fourth quarter of 2008. During this same time period, the unemployment rate for all persons in the labor market increased from 4.6% to 6.6%, or by 2.0 percentage points. "</p> Tue, 24 Feb 2009 12:35:00 -0600 http://www.wbez.org/ahill/2009/02/immigrants-and-the-recession/7251