Posted on 06/30/2017 6:17:07 PM PDT by GuavaCheesePuff
Time to pop the champagne bottles and celebrate the state’s economic success, right?
Not so fast.
Illinois’ path to a low unemployment rate has been paved by labor force dropout. Too many workers have given up on the Land of Lincoln, and their act of despair is actually driving down Illinois’ jobless rate.
You see, when an unemployed Illinoisan gives up on looking for work, he is no longer counted as unemployed.
As more Illinoisans give up, the unemployment rate goes down.
Illinois’ low unemployment rate is nothing to celebrate. If anyone is to be cheered, it is the dozens of states like Indiana, Wisconsin and Texas where formerly unemployed Illinoisans have been able to find a new start.
Illinois’ labor force has been shrinking and transferring to other states. Meanwhile, competitor states have seen significant labor force growth.
(Excerpt) Read more at thetelegraph.com ...
Must be the fault of all them durn Republicans they keep electing out in Illinois.
Alton IL is the home of the best bar in the Midwest.
Fast Eddies Bon Aire.
L
As was the rest of the country at the end of the Obama administration.
Oh, those rascally LIBs.
When they say “Has stopped looking for work” I have to throw a flag on the field.
I too “stopped looking for work” in 2006. Haven’t worked a day for someone else since then.
Instead I started working for myself. Doing odd jobs, basically, until I started to get ahead like 8 years later.
How are these people dropping out of the workforce ? Are they too starting their own thing ? Collecting cans along the street ? Mowing lawns for $10 ? If they are, then that’s great !
If they’re just living on the streets or on people’s couches then there is a problem. Look, even if people are picking up trash to make ends meet then it’s a good thing. That’s being an American when the times are tough. But if they are living on the streets, on the dole or on a couch then it’s really bad.
The notion that he has "given up" is a statistician's lie. If you are out a year, they count you as no longer in the labor force. It has nothing to do with your motives or intentions. If you're out a year, you are statistically no longer unemployed.
I wonder when they'll shift back to an honest accounting of unemployment figures? I expect it any day. They'll go from the fake Obama 4% to a more honest 20% to make it look like things got worse under Trump, when all they did was start counting people honestly.
When the lumpenproletariat begins to figger out that it’s
a con, lookout, Baby... It’s gonna get resentful out, and
there WILL be a reaction the elites are not prepared to
deal with. They think they are, but they’re not.
Lincoln was right.
I’ll say it again: Move the capitol there. More taxpayer money coming in, it’s already blue, and Virginia goes back to being red. Peoria. I remember the riot at the HS football game. 3rd year freshmen. Must be a wonderful place if you don’t wanna graduate and leave.
Thank you Obama.
Worst economy EVAH. Not one year of GDP over 3%. The Great Depression had several.
Obama Greater Depression!!
I have seen this stated repeatedly.
It is not true.
It is much worse than that.
When a unemployed Illinoisan stops checking in with the Unemployment Office he is no longer counted as unemployed.
Most people quit checking in when their benefits run out. There is no reason to keep checking in.
You may be looking for work.
You may be sending out one resume after another and going on interviews.
If you are not reporting that to the state you are not considered unemployed.
Unemployment should be called number-collecting-unemployment -benefits instead of implying it reflects the number not working. Liars figure and figures lie.
He just says that the number of people in the workforce has dropped, without considering that they might have left Illinois entirely. Maybe they have a job, but just not in Illinois.
“Some people think that to get these figures on unemployment, the government uses the number of people collecting unemployment insurance (UI) benefits under state or federal government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.”
Read the rest at:
https://www.bls.gov/cps/cps_htgm.htm
“Illinois is among just eight states to lose residents, putting its population at 12,801,539 people, its lowest since about 2009. Illinois’ population first began to drop in 2014, when the state lost 11,961 people. That number more than doubled in 2015, with a loss of 28,497 people, and further multiplied in 2016.”
I’m with you. How do “they” know ?
I stopped looking for work.
I never took unemployment.
Nobody called me about if I was employed or not.
How do they know I stopped looking for work ?
[As was the rest of the country for the duration of the Obama administration’s two terms.]
Just to put a fine point on it.
[ You may be sending out one resume after another and going on interviews. ]
yep
I have met transplanted Illinoisans, they are even more liberally self-righteous than Californicators.
Here is another view of the Illinois economy. It is growing.
https://igpa.uillinois.edu/report/flash-index-may2017
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