Friday, November 27, 2009

Chicago Unemployment

We're sure conventions fleeing the city aren't helping matters any:
  • The jobless rate in the Chicago metropolitan area rose to 10.4 percent in October from 10.1 percent in September and spiked from 6.1 percent in October 2008, the Illinois Department of Employment Security reported Wednesday.

    The area shed 178,600 jobs over the year, the biggest of all metropolitan areas, followed by the Lake County-Kenosha area, which lost 12,300 jobs.

And mortgages?
  • Twenty-one percent of homes in the Chicago metropolitan area were underwater -- worth less than the mortgages being paid on them -- at the end of the third quarter. That is according to a report from California-based First American CoreLogic.

    A total of 324,448 properties in the Chicago area had negative equity.

Still a long road ahead. Maybe too long.

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34 Comments:

Anonymous Anonymous said...

That is because the wrking people now live in Atlanta rather than be robbed into slavery here..

Now all of the politicians and some of you cops realize ..no citizens ..no money ..no pay

Except the politicians will try to get their money/salaries from two people as evidenced in the nearly 50% property tax -ncreases & that includes the west side, Lawndale -that big deal about rebates is more smoke and mirrors from Crook county

11/27/2009 01:40:00 AM  
Anonymous Anonymous said...

If unemployment is at an all time high.
If forclosures are at an all time.

How is it that the Obama admin. keeps spewing news that the economy is turning around.

The only way the econmy is going to turn around is if people go back to work and start spending money again.

11/27/2009 03:39:00 AM  
Anonymous Anonymous said...

The solution is to tax, business and homeowners out of their homes! In daleys shit city give all the illegals free homes, schools (albeit newly built but shit schools), free heatlh care so we the people who do everything the proper way can wait for care! daley is the leader that is an example of all that is wrong with this country, him and barry obama!

11/27/2009 05:06:00 AM  
Anonymous Anonymous said...

How's that Hope and Change looking now???? Just keep saying, Nov 2010, Nov 2010, followed by Nov 2012, Nov 2012

11/27/2009 08:16:00 AM  
Anonymous gfy said...

all you need to know re: mcpier...
http://www.chicagobusiness.com/cgi-bin/mag/article.pl?id=32690

11/27/2009 08:35:00 AM  
Anonymous Anonymous said...

How's that Hope & Change working out for you?

11/27/2009 08:38:00 AM  
Anonymous Anonymous said...

But, but I thought obama was going to fix everything????? Funny how everybody wants to blame Bush and the Republican party but isn't the biggest demise of our economy coming from the housing market? Loans that should've never been given out but were pushed through because of threats and influence of companies like Acorn(obama). A year in office and absolutely nothing to show for it. Atleast that horrible Bush dealt with a terrible terrorist attack and keeping the economy going after the fact in his first year.

11/27/2009 09:26:00 AM  
Anonymous E. Garfield Park Unemployed said...

You need diligent unemployed workers at reasonable rates? We even do odd jobs and wet work.

You will find us 24/7 at the corner of Whippit and Madison outside Rothschilds liquor store. As the weather gets colder, you will find us gathered around nearby bonfires with our signature brown bags in hand.

11/27/2009 09:33:00 AM  
Anonymous Anonymous said...

This police department has unfilled police positions.

11/27/2009 09:35:00 AM  
Anonymous Anonymous said...

DETROIT!!! CLOUT will FALL

11/27/2009 10:02:00 AM  
Anonymous Anonymous said...

You forgot to blame Obama.

11/27/2009 10:40:00 AM  
Anonymous Anonymous said...

If you lost your job,home etc. Thank obama. If you like higher and higher taxes vote for daley.

11/27/2009 11:32:00 AM  
Anonymous Anonymous said...

How much longer do we have to wait for all this "Change" that is going to fix our Country? Unemployment in Chicago, about the largest city in the USA, is probably , realisticly around 15 to 17% minimum. People want to work, they don't want to freeze in line for fuckin Government cheese. All you politicians, either get this shit fixed, or get the fuck out of Office now.

11/27/2009 11:53:00 AM  
Anonymous Anonymous said...

The Economy is not turning around, it is getting Worse, and is once again being covered up by the Liberal-Commie News Media here in the U.S.S.A. [United States of Socialist America]

11/27/2009 11:55:00 AM  
Anonymous Anonymous said...

I got a bill (one month before Christmas) for more than $900 for an escrow deficiency on my mortgage, all caused by these jag offs and the property tax increases. I hate this city.

11/27/2009 12:11:00 PM  
Anonymous Anonymous said...

Obama will fix it. Do what he says.

11/27/2009 01:25:00 PM  
Anonymous Anonymous said...

And yet if you are responsible with your mortgage you can't refinance or get a loan modification unless you have 20% equity. But, if you are in a home you can't afford or you don't work or get any number of other government freebies you can get a better loan making it even easier for you. I am tired of supporting everyone and my family with none of the beneifts afforded to them.

11/27/2009 01:57:00 PM  
Anonymous Anonymous said...

"Don't got no job, don't want no job" !!

11/27/2009 02:15:00 PM  
Anonymous ACORN Dem and Reps o' plenty said...

Funny how everybody wants to blame Bush and the Republican party but isn't the biggest demise of our economy coming from the housing market? Loans that should've never been given out but were pushed through because of threats and influence of companies like Acorn(obama).

ACORN = Another Cretin Or Retarded Nimrod.

The biggest demise in our economy has been the loss of our manufacturing base. In case you haven't been paying attention, 37% of our country's manufacturing base has disappeared over the last 30 years. I don't think this is what the Gipper had in mind for the renewal of our Great Land back in '81 when he took the oath of office, but here we are.

These bad housing loans occurred because of policies pushed through by Bubba's and Texa$$ Air National Guard's administrations. If those dolts had backbones and weren't such whores to Wall Street I'd still be living in my double-wide on 111th/Troy.

It's laughable how the truth never gets in the way of ACORNs like you, except that it's too sad to be funny.

11/27/2009 03:10:00 PM  
Anonymous Anonymous said...

I was born in Detroit, I bought my beer at 16yo in Detroit I went to college in Detroit. I moved here for this job and tuition reimbursement, but I feel like this city is clearly on the slide towards becoming Detroit. It took 20yrs, loss of businesses/manufacturing and a shitty mayor to kill Detroit. The way I see it we're 2/3 the way there.

11/27/2009 04:20:00 PM  
Anonymous The Box Chevy Phantom said...

shit...

hope & change?

hope to have some change left after daley inc. gets done stealing everything? they're no better than the dwellers of some of the garden spots of this city.... if it can't be eaten, drunk, smoked, fucked or stolen until they can figure how to do one/all of the aforementioned then they fuck it up/break it so that no one else can make good use of it. shortshanks is making it happen in this city right now.

the good citizens as well as the blissfully unaware ain't seen shit yet.

it would be tragi-comic after all is said & done it's revealed that 42 extra-short was certifiably hair-on-fire insane and the daley tribe did everything to cover it up. yeah, chicago, you elected a lunatic as mayor and kept re-electing his crazy ass for 20+ years and he's done everything to reduce the electorate to his level of cretinism, aided and abetted by the alderwhores, clout-clown ass kissers and the daley inc. crime syndicate. if not for his last name and who the sperm donor was, shortshanks would've assumed his proper station in life as a drunken, three fingered carny & failed pick pocket whose favorite childhood memory was writing on the dining room walls with a piece of shit.

"now boys, take richie with you..."

11/27/2009 05:58:00 PM  
Anonymous Anonymous said...

I was born in Detroit, I bought my beer at 16yo in Detroit I went to college in Detroit. I moved here for this job and tuition reimbursement, but I feel like this city is clearly on the slide towards becoming Detroit. It took 20yrs, loss of businesses/manufacturing and a shitty mayor to kill Detroit. The way I see it we're 2/3 the way there
_________________________

I'm from the 313 myself. This shit hole will be worse than Detroit in three years. Detroit's got the Chaldeans at least, and Indian casinos to keep it going.

Detroit has the largest Arab population of any city in America. That is a positive. Those people don't quit.

11/27/2009 06:02:00 PM  
Anonymous Anonymous said...

GUESS WHAT? I'M NOT UNDER WATER. My parents grew up in the depression and my DAD served in WWII(LIKE ANY OF YOU HAIR GEL CARE). Point is my parents taught me the value of the dollar and to not even think of a mortgage till you work your butt off and save for a 20% down payment! Am I missing something????????

11/27/2009 07:22:00 PM  
Anonymous Anonymous said...

But, but I thought obama was going to fix everything????? Funny how everybody wants to blame Bush and the Republican party but isn't the biggest demise of our economy coming from the housing market? Loans that should've never been given out but were pushed through because of threats and influence of companies like Acorn(obama). A year in office and absolutely nothing to show for it. Atleast that horrible Bush dealt with a terrible terrorist attack and keeping the economy going after the fact in his first year.

11/27/2009 09:26:00 AM

....it was under CLINTON'S reign where bamks were told they had to provide loans to high risk borrowers. Bush's tenure could not withstand the fallout of this dimwit decision and Obama is also feeling the same fallout. Nevertheless,it was the Democrats who pushed this through.

11/27/2009 09:56:00 PM  
Anonymous Anonymous said...

The jobless rate on the West side seems a lot higher. Never can seem to anyone with a J O B.

11/27/2009 10:49:00 PM  
Anonymous Anonymous said...

These bad housing loans occurred because of policies pushed through by Bubba's and Texa$$ Air National Guard's administrations. If those dolts had backbones and weren't such whores to Wall Street I'd still be living in my double-wide on 111th/Troy.

It's laughable how the truth never gets in the way of ACORNs like you, except that it's too sad to be funny.

11/27/2009 03:10:00 PM

FALSE

Admit it, Barney and the Dems ignored the problem to buy minority votes.

http://www.youtube.com/watch?v=qSOXI43Ux54

11/27/2009 11:46:00 PM  
Anonymous Anonymous said...

the democratic solution: more taxes...tax and spend, big time...as far as exempt positions, "even a caveman can do it!"....how's that hope and change workin' for you?

11/27/2009 11:52:00 PM  
Anonymous Anonymous said...

The American economy has been in a death spiral for a long time as the manufacturing jobs, the back-bone of the middle class, has been exported.

The USA could do deficit spending because we sold our manufactured goods all around the world. We make nothing here any more.

The housing bubble is the latest disaster to come along. Because of policies put in place by the Clinton administration, any body was to get a mortgage. Easy credit drove up housing prices. The adjustable rate mortgages adjusted to a point where the mortgage holders couldn't pay, the housing value dropped. They figured "why pay more for a mortgage than the house is worth?" Bush could have stopped it, but he would have been burned by the media.

The Stimulus bill has burdened our children with crushing national debt. Health care is something we can not afford. If China refuses to buy our debt, we are a 3rd world country. Which will happen if the Senate passed it. Abut 6 months later.

Buy ammo....

11/28/2009 12:07:00 AM  
Anonymous Anonymous said...

GUESS WHAT? I'M NOT UNDER WATER. My parents grew up in the depression and my DAD served in WWII(LIKE ANY OF YOU HAIR GEL CARE). Point is my parents taught me the value of the dollar and to not even think of a mortgage till you work your butt off and save for a 20% down payment! Am I missing something????????

11/27/2009 07:22:00 PM

No you're not. If you can't come up with 20%, you don't deserve to own a house. Everything is credit with these assholes, that's why the housing crash happened. Loser couples whose eyes were bigger than their pocketbook and now they can't even make their mortgage payments, much less keep up their property.

11/28/2009 08:25:00 AM  
Blogger NorthSide said...

Box Chevy Phantom:

I would be remiss if I didn't tell you that I admire the cut of your jib.

11/28/2009 09:55:00 AM  
Anonymous Anonymous said...

GUESS WHAT? I'M NOT UNDER WATER. My parents grew up in the depression and my DAD served in WWII(LIKE ANY OF YOU HAIR GEL CARE). Point is my parents taught me the value of the dollar and to not even think of a mortgage till you work your butt off and save for a 20% down payment! Am I missing something????????

_________________________________________________

Here's how. I have a $300,000 mortgage on a $400,000 house. In one year the bank said the value of my house, in Chicago, dropped to $220,000. Now I'm underwater $80,000 and I did everything right according to you. Sometimes things go bad even though you did them right.

Don't be so quick to judge, you may find yourself in an unfortunate situation some day.

11/28/2009 10:47:00 AM  
Anonymous Anonymous said...

This police department has unfilled police positions.

++++++++++++++++++++++++++

REALLY? Holy fuck, am I glad that someone finally noticed, you master of the obvious you.

Stroke.

11/28/2009 02:35:00 PM  
Anonymous Anonymous said...

Where did you buy your 400,000 house? Something tells me that might explain a major portion of your situation.

11/28/2009 08:32:00 PM  
Anonymous The Box Chevy Phantom said...

Our sympathies to good people who did all the right things and played by the rules only to be underwater on their mortgage and caught in an undertow.

For a lot of us, second to educating our children, our homes are the biggest treasure we have.

As captive residents of this rotting corpse of a city, it's part of the reason why we disdain shorty and the alderthieves so.

Shorty knows his thievery has all but detroyed the middle class in this city. Thus he no longer values the middle class worker/homeowner/union member as a constituency to be reckoned with and answered to.

Hence... Sanctuary City.

Hence... Appeasement of the running dog rev'runs & their congregants and the alderthieves who kow-tow to them...

Vast swaths of the middle class "bungalow belt" will end up being a ghost town and Chicago will be inhabited by the very rich and those who demand a disproportionate share of services and resources who contribute absolutely NOTHING to pay for the same.

We wonder if anyone can connect the dots on which zip codes are majority city workers. Bet you a fat man the property taxes they pay are propping up the city and 42extra-short knows that if he waives residency, people who are so fed up just may take a loss just to get the hell out...

Ruin (financial & otherwise) can sometimes come and sit at your table even when you do EVERYTHING you're supposed to do.

Again, our sympathies...

11/29/2009 06:25:00 PM  

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