Fed: Modest Economic Growth; Shortage of Staffing Talent

September 08, 2016 Reports from the 12 districts of the Federal Reserve suggest that national economic activity continued to expand at a modest pace from July through late August, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Most districts reported a modest or moderate pace of overall […]

Illinois unemployment drops to six-year low

Craig Hinz – Crains Chicago News August 14, 2014 In news with clear political implications, state officials today announced that the Illinois unemployment rate has dropped for the fifth month in a row, to 6.8 percent — roughly where it was when the great subprime mortgage recession began. And even better, the decline now is […]

Extension of Benefits for Jobless Is Set to End

New York Times (11/17/13) Annie Lowrey During the last week of December around 1.3 million people will lose access to additional weeks of jobless benefits. Another 850,000 will be denied benefits in the first three months of 2014. Congressional Democrats and the White House are pushing to extend the amount of time covered by the […]

U.S. employers add 175K jobs, rate ticks up to 7.6 percent

June 07, 2013 (AP) — The U.S. economy added 175,000 jobs in May, a gain that shows employers are hiring at a still-modest but steady pace despite government spending cuts and higher taxes. The unemployment rate rose to 7.6 percent from 7.5 percent in April, the Labor Department said Friday. The rate rose because more […]

Jobless Claims Fall as Labor Recovery Grinds On

Wall Street Journal (03/07/13) Jeffrey Sparshott; Sarah Portlock The number of U.S. workers filing new applications for unemployment benefits unexpectedly fell last week, the latest sign of a slowly improving labor market. The U.S. Department of Labor reported today that initial jobless claims decreased by 7,000 to a seasonally adjusted 340,000 in the week ended […]

U.S. Jobless Claims Rise for First Time in Three Weeks

Bloomberg (02/21/13) Lorraine Woellert; Alex Kowalski The number of people who applied for new unemployment benefits jumped 20,000 to 362,000 in the week ended Feb. 16, the U.S. Department of Labor reported today, keeping claims at a level that suggests slow but steady improvement in the nation’s labor market. The median forecast of 48 economists […]