12 Month Gains Lost in 30 Days
- In one month, Illinois manufacturing sector lost all of the jobs it had gained in the last 12 months, marking one of the worst employment reports for the state's lagging economy since the recession.
A preliminary report released by the Illinois Department of Employment Security shows August saw 3,000 lost manufacturing jobs. This loss of employment is the worst month in Illinois since fall of 2009. The unemployment rate also rose to 5 percent.
Overall, the state lost a net 3,700 jobs in August. Illinois has averaged 100 jobs lost per month since March.
While some sectors gained, Illinois' leisure and hospitality industry lost 9,900 jobs. Some job losses in that industry are common in the fall when tourism wanes. But IDES Spokesman Bob Gough says losing 3,000 manufacturing jobs is troubling.
"The manufacturing sector has been a tough road to hoe for a number of years now," he said. "But any way you slice it, the state's economy is stuck in neutral, and that's a kind way to put it."
Someone doesn't know their idioms (you don't have a "tough road to hoe." That breaks tools. It's a farming term - "tough row to hoe"). Maybe it was the reporter.
In any event, manufacturing firms are still fleeing Illinois faster than jobs can be created, and the business climate (read "tax code") is the main reason. Every single level of government is full of out-of-control spending and their only solution to a decreasing tax base is to soak those remaining until they, too, decide to leave. Death Spiral is the term often used, and it's in full swing.
In any event, manufacturing firms are still fleeing Illinois faster than jobs can be created, and the business climate (read "tax code") is the main reason. Every single level of government is full of out-of-control spending and their only solution to a decreasing tax base is to soak those remaining until they, too, decide to leave. Death Spiral is the term often used, and it's in full swing.
Labels: state politics
posted by SCC at 12:02 AM
71 Comments:
There's only one man who could beat that record:
business chaser John Arena. He refuses to let them in.
God only knows what he has planned for his ward. One
thing you can count on: John Arena will have a substantially
higher net worth when he leaves office than when he first entered.
A government job is not the solution to a life of chronic unemployment.
His political decisions to date are highly suspect and give insight to the
life he led as a private citizen.
" It's a farming term - "tough row to hoe"). Maybe it was the reporter."
Unpossible! Reporters have layers and layers of fact checkers. That is why they are so trustworthy and superior to us mere mortals. If they don't have all that support, why should we trust them, especially when they are writing about things they have no knowledge or expertise about?
Because we do trust these reporters, don't we?
Fear Not! These people and jobs will be replaced by a diverse and vibrant population drawn to Chicago's Sanctuary City!
When you combine taxation with a dwindling workforce, the results are not only predictable, but disastrous as well. If there were a reliable current census, including demographics. Those remaining would certainly flee.
Now you know who all those moving vans were moving, don't you?
Illinois is dead.!!!!!!!!!!! It’s over people like the police dept
I equate it to the flight path of the famed Malaysian concentric bird ... Which by the way is now extinct. ..as it flew in ever tighting circles until it disappeared up its own asshole
And let us not forget that Wisconsin's much ballyhooed manufacturing jobs coming to that state (courtesy of Apple and Governor Scott Walker) have received so much tax incentives from that state that it estimated that it will take the state of Wisconsin over 25 years to recoup the tax breaks given for those IPhone manufacturing plants that haven't even been built yet.
3000 jobs which will cost Wisconsin taxpayers $1 million per job. 3 billion in tax subsidies. Do the math.
I buy everything I can outside of Chicago and Cook County!
Once retired, I'M GONE, along with my pension and assets!
Soon to be former life long resident of Chicago, thanks to stupid Politicians!
They keep raising taxes and this place will be a dust town.
I can't wait to leave. Counting the months.
The jobs won't be back anytime soon.
"Boycott the NFL"
words uttered by Bobby Rush as he was led away
in handcuffs after police discovered vehicle plates
did not match registration information
When asked why he made such a statement, he told
police he was discussed with the player protests in
professional football during the National Anthem.
Failed social programs for votes since LBH started them has cost this country trillions of dollars. The inner city freebies did not curtail their behavior. The inner city punks just get more bold and destructive. Will it ever end ??
Don't worry, our RINO governor just made us a "sanctuary" state. More people flocking to our friendly borders for non-existent jobs. Just don't mention the inconvenient truth that there are no jobs to be had. Sign 'em up to vote and receive benefits while you're at it. Loyal democrats all. Amazon? Don't make me laugh.
Just wait until Illinois and the City cut Amazon that 5 billion dollar incentive check and give them a beautiful spot on the lakefront for their headquarters.
50,000 high paying jobs mister!!!!
We are DOOMED!!
Theres no need to fear Amazon will be here.
I am not a cop but read your blog daily. I am a commercial real estate appraiser who appraises a lot of industrial property in Illinois. Just a quick story on how bad it is in Illinois. Chicago Heights in their industrial districts has a 34% property tax rate (based on equalized assessed value) on industrial properties. I recently appraised an industrial property that annually pays over $250,000 per year in property taxes. Over $175,000 of that bill goes to pay local school taxes and pensions. They don't receive anything for that money. They have to pay for 24/7 armed security for their business because crime in the area is so bad. The business is relocating to central Indiana where their new industrial property tax rate will be 2.7% + State of Indiana employment tax credits +lower workmen's comp insurance + lower business insurance + lower commercial truck licensing and operating cost + lower utility bills + lower water bills + lower crime, etc. It's a no brainer to move a manufacturing business out of Cook County to Indiana or Southeast Wisconsin. SCC, keep up your excellent work.
Who is John Galt?
OT....for those that are following,the mayor knows he lost the "black" vote or at least most of it, this is way he is so hell bent on catering to the "hispanic" vote..
one thing for certain, I am glad that one Madigan is out of public office . But, I wonder what Lisa has planned for her future. Michael is the architect of the downfall of this state as Daley was the architect of the downfall of the city. The political class does not treat the citizens with respect, just as a money maker for them and their friends. I wish I could leave this state but circumstances prevent that. I wonder when the citizens will rise up and throw these bums out of office.What is taken for normal in this state is criminal in so many other places. But, look who passes the laws?
Trying to talk the wifey into moving to Wisconsin after she retires. Maybe buying acreage where we can hoe our own rows!
SCC, Thanks for the clear-up on the incorrect idiom... 'tough road to hoe.'
Initially, I thought the above statement referred to Chicago prostitutes complaining about potholes in the streets.
But...but...but...don't we have CLEAN AIR?!
That's what "they" told us would happen if all those nasty factories were thrown out!
I guess we choose our poison.
Don't blame me, I didn't vote for it!
Democrats will never understand Econ 101.
It's because Bloomberg hasn't gotten the salt tax up and running yet.
I like to see the NBA, NFL, and MLB start to fire/ layoff its millionaire employees.
9/24/2017 04:32:00 AM
Anonymous Anonymous said...
"Boycott the NFL"
words uttered by Bobby Rush as he was led away
in handcuffs after police discovered vehicle plates
did not match registration information
When asked why he made such a statement, he told
police he was discussed with the player protests in
professional football during the National Anthem.
9/24/2017 04:56:00 AM
Funny thing is, he was not arrested for that infraction. How could he have been led away in handcuffs?
And Labor continues to vote Democrats into office.
>>>>> 'In one month, Illinois manufacturing sector lost all of the jobs it had gained in the last 12 months...' <<<<<
And to ensure that Illinois continues down the potholed road to hell what are the idiots in Springfield doing you make ask? Get ready .......
+++ 'Conversation is not about raising gas tax, it's about how high to raise it' +++ [Illinois News Network || Sep 18, 2017]
Woo-Hoo!! Hip-hip Hooray!! Way To Go!! Another Higher Tax! Thanks guys.
How did you ever guess that we still have an 'extra' ten dollars hidden in our wallets. And since it's just 'sitting there', we might as well hand it over to you bandits in Springfield to waste on your pet projects and vote buying scams. Right?
Though be aware you inbred thieves, the odds that are some people, or folk, will use that last ten bucks in their wallet to get four gallons of gas and head for the nearest border to get the Hell OUT of Illinois!!
ps: the Gas Tax money will be solely used for roads the day that Lottery Money is used for education.
Re: 12 month gain lost in 30 days
Only one thing will deflate faster: our
(formerly) beloved NFL. Just got word over
the radio that players from both teams took knees
in London this morning. Disgraceful. There's going
to be a backlash over this bigger than they ever imagined.
The NFL will inherit a John Steinbeck "Grapes of Wrath"
effect. They will roam the entire globe and not be accepted
or welcomed, this after losing the heartstrings of the American
paying public. Too dense to pick up on public opinion here at
home, the players disgraced America in our mother country.
They have no class, no morals, no conscience. They have turned
their backs upon America. Now it is time the American people
find a better pass time and let the NFL be cast to the wind.
NFL = National Felon League
NFL = No Flag League
"And let us not forget that Wisconsin's much ballyhooed manufacturing jobs coming to that state (courtesy of Apple and Governor Scott Walker) have received so much tax incentives from that state that it estimated that it will take the state of Wisconsin over 25 years to recoup the tax breaks given for those IPhone manufacturing plants that haven't even been built yet.
3000 jobs which will cost Wisconsin taxpayers $1 million per job. 3 billion in tax subsidies. Do the math."
You're correct. A better way to go about it is to learn a lesson from their neighbors to the south and tax the bejesus of anyone stupid enough to make anything that people are willing to buy, rhen encouraging illegals (sorry, "undocumented workers") to flock in and join with the rest of the great unwashed in suckling off the few remaining taxpayers teats.
Yep, good thing that we have smarter elected officials (democrat) than up in that hellhole.
This is exactly what the liberal democrats in Illinois want. All private sector jobs to leave the state and all residents that can take care of themselves, to get out. Those that are left will be totally dependent on the government.
The government can then decide who gets what and what "rights" the people will have. Not the unalienable rights given to us by God, and our rights under the U.S. Constitution.
Sound a little bit like communism? Its exactly like communism, just a different name, liberal democrats!
J.J.
Thanks to Mike Madigan & the IL. Democratic Party.
Thank You......
Factories being turned into apartments courtesy of bribed city officials.
Why would anyone want to leave that great crime syndicate that is Illinois? I retired to Wisconsin 25 years ago and am thinking of moving back to Chi Town. You can only take so much quiet, clean air, and safe uncrowded roads. I pay $2700 a year in property tax on a new home on 26 acres of field and woods. That includes garbage pickup. Nearest neighbor a block away. Yeah, maybe I'll move back to Shitcago. Have to think about it for another 25 years.
If fuel plays a part in a business, well, they get taxed and taxed again in just this latest "budget deals". That is the new term for "tax increase" now. "Budget Deals".
Might as well call them "exit interviews".
Quick, head me off at the pass, install a state wide exit tax that amounts to half your gross worth. Of course, illegal aliens are exempt 100% and can come and go as they please.
Can't wait to see how man jobs the Bears Kill this weekend by taking a knee because millionaire football players are so underprivileged oh and cops are running around killing hundreds of black people in Chicago every year.
You guys here at SCC really DO have to take this head on.
The "community" REALLY DOES believe AND teach their kids that - all of these "unsolved" or "open" or "not cleared" murders are just cops hunting black people to kill each night.
You know it is bullshit. I know it is bullshit. Heck, a large portion of those preaching it know its bullshit. However, while people will toss out statistics and tables and charts (which is right and proper) those things fail because nobody calls bullshit openly on that particular point DIRECTLY, especially by calling out individuals in the moment to get them to say it in those terms!
Example - When a "activist" claims "police killing black people" drama, where is the snapping it off in their ass right then? Hey, Mr Activist, are you saying right here, right now, that all these bodies laying in the streets- hundreds and hundreds per year, thousands and thousands over the years, are killed by police in some kind of hunt? Are you saying it is Police shooting them dead and leaving them lay? Oooooh your AREN'T? Is that right? SO WHO then IS shooting people by the hundreds in just Chicago? Is it Polar Bears Hunting in packs then? Is that it.
Time to lay waste to the "community" organizations peddling LIES, before ALL the jobs are gone.....and cops and firefighters are the only people left paying tax, on like soda and stuff.
3000 jobs which will cost Wisconsin taxpayers $1 million per job. 3 billion in tax subsidies. Do the math.
9/24/2017 02:36:00 AM
So a tax NOT PAID is money COSTING taxpayers a million per job?
So when you don't get a piece of candy in the FIRST place, it COST you candy?
You talk to people about doing the math? Seriously?
Try this- without the tax BREAKS (IE absent the tax NOT COLLECTED) there wouldn't BE a factory being built and that means there wouldn't BE one cent there at all! There would be NO COST to taxpayers because there would be no business there at all.
By NOT TAXING (which is not a cost and not to taxpayers) there IS a business built - which then pays workers, who pay income taxes they would not otherwise pay, local sales taxes along with property taxes and all the CYCLING of those paychecks then spent (even saved) that otherwise wouldn't be there.
SO enough of your common core math claims that NOT TAXING something that wasn't there to begin with is any COST to ANYBODY. Stop your outright LYING. Math is what bust you out.....
OT. Like to thank Toni for the sugar soda tax and that she is keeping me healthy. Went to Jewel and bought a 2 liter bottle of Diet Rite cola which has no sugar, no calories and no sodium for 79cents. So for buying this product which is not unhealthy I was charged 67 cents sugar tax in addition to regular sales tax. That's an 85% sugar tax on the 79 cent sales price on a sugar free product
Only good thing is I and I hope a lot more Connery residents will be reminded every week we shop and will show our disapproval next election
Why is it so hard for politicians to understand that when you continue to raise taxes, you will lose your tax base. Maybe if they tried lowering taxes as an incentive for business they would see this turn around. Democrats destroy everything with their love of taxes.
LOL Illinois wants Amazon headquarters in Chicago?? Not going to happen
1- Illinois income raised just last month
2- Sanctuary City Chicago home to Hundreds of thousands of illegals getting free taxpayer money
3. Illinois ,Crook County ,Chicago broke to near bankrupt
4 - Corrupt Democrat politicians
Everyone I know has been voting with their money and spending it else where.
Democrats do not understand business. President the Donald knows business.
Lets not lose focus on COPA. They're coming after us with bias and a BIG agenda.
Maybe the fake Republican Governor could turn things around in IL. if he stopped listening to his very liberal wife.
Speaking of WI...yet another cut and paste leftist democrat unionista hack.
Suuuure kid, suuuure. Everyone that signed off on that had absolutely no idea what they were doing and no idea how economic models work...nor could they ask any questions.
Just like you cut and pasted obama care would cover everyone and lower costs by $2500.
What do you think we have up here, chicago democrats like you?
Your time has come and gone kid. Go play in the highway.
The jobs are coming up here or going to Indiana.
Boycott 670 the score too. -(Except cubs games)- On Saturday s.j.w. Julie Decarro told Lance Briggs she was "embarrased" that more WHITE players weren't kneeling for the anthem. Trump has caused these idiots to lose there minds and it's fucking hilarious. I hope they are really suffering.
Just tax the businesses that stay more, duh.
Who is John Galt?
And let us not forget that Wisconsin's much ballyhooed manufacturing jobs coming to that state (courtesy of Apple and Governor Scott Walker) have received so much tax incentives from that state that it estimated that it will take the state of Wisconsin over 25 years to recoup the tax breaks given for those IPhone manufacturing plants that haven't even been built yet.
3000 jobs which will cost Wisconsin taxpayers $1 million per job.
3 billion in tax subsidies. Do the math.
Lets hope it don't happen here.
The Globalists and satan are not about jobs they are about death.
heads up people.
Rahm and the next Big Spender Demo Gov are banking on Amazon with its $11.64 hr. low skill community jobs to make up the difference.
Sure bet that Rahm to f--k that deal up by demanding $15 hr.
* Proud to have NOT turned on the TV to watch any NFL this season.
Everyone needs to do the same.
No NFL, ESPN SportsCenter CBS etc., or any other sports media outlet even on Sirius XM.
I was in Arena's office, with my wife who was inquiring about something, when I mentioned that I was forced to retire by the city at age 63 and that maybe the city should give retirees a break on their water bills. He looked at me and said, go get a job, then turned away and continued talking with my wife. We no longer live in the city.
Here's a frightening thought: Chicago Police, Fire, and Teachers have historically been required to live within the city limts during their employment. What if the Machine saw so much post-retirement emigration from their glorious workers paradise that they made pension benefits payable only to those who could still maintain and prove city residency ? I could see The Peoples' Regime getting that desperate. Or is that already the rule ?
Why would a business want to operate in this shithole?
Oh, and fuck you rahm.
Hey, not to worry. HQ2 will come to Chicago and fix what ails the whole state. You think Wisconsin gave away the barn? Just you wait you sucker...errr I mean taxpayer.
"The problem with socialism [and Illinois Democratic rule] is that you eventually run out of other people's money"
You did mean Mr.,Rev.,US Rep.,secretary of war for the black panthers bobby rush?
Anonymous said...
And let us not forget that Wisconsin's much ballyhooed manufacturing jobs coming to that state (courtesy of Apple and Governor Scott Walker) have received so much tax incentives from that state......
9/24/2017 02:36:00 AM
Illinois gives massive tax incentives to a handful of companies too stupid to set up shop here, but everybody else is in full flight.
LOL.. once again when JB corrupt dims gets in govs office in 2019 ,on deck will be to raise sales tax on food and drugs in 1% steps..... 3x
In 2015 I briefly returned to Chicago for business reasons. My company is headquartered in Arlington Heights. A brief drive around the area at around 1500 hrs on a freeway told me everything I needed to know. That brief trip should have taken a couple hours and 12 years ago it would have done so. That day I drove to and from my destination in less than 45 minutes. Amazing. Chicago is hurting big time. Will the last business to leave, please turn off the lights?
To the person worried about the people’s regime,the police and fire pensions aren’t distributed by the city.The only thing is getting the city to contribute what they owe to the funds as legally required.The pension funds are administrated as a separate entity from the city.
I shit you not, I was at a dealer getting my car fixed. This Mexican Dreaming Mechanic and I engaged in conversation. He said, he and his family are considering moving to Arizona because of the Dem's taxes. I told him Arizona isn't a sanctuary place and he replied, the Mayor of Chicago is full of shit. Dreamers saying the Mayor and this State are full of shit, the mob is forming isn't it great.
Hey were did that Last Casino Licence go ?
Anybody seen or heard about that money maker lately ?
Anonymous Anonymous said...
Here's a frightening thought: Chicago Police, Fire, and Teachers have historically been required to live within the city limts during their employment. What if the Machine saw so much post-retirement emigration from their glorious workers paradise that they made pension benefits payable only to those who could still maintain and prove city residency ? I could see The Peoples' Regime getting that desperate. Or is that already the rule ?
You are talking nonsense. They can't make you stay in the city to collect your earned pension benefits.
Anonymous Oh my God! said...
I was in Arena's office, with my wife who was inquiring about something, when I mentioned that I was forced to retire by the city at age 63 and that maybe the city should give retirees a break on their water bills. He looked at me and said, go get a job, then turned away and continued talking with my wife. We no longer live in the city.
If you waited 2 years you would have received a break on your water bill. A 50% break. Senior citizens don't pay the sewer tax which is like 98% of your water bill.
If you waited 2 years you would have received a break on your water bill. A 50% break. Senior citizens don't pay the sewer tax which is like 98% of your water bill.
9/25/2017 12:37:00 PM
...
What part of forced did you not understand?
Someone should just install a Conveyor Belt from Illinois, to Wisconsin and Indiana, to make it easier for the thousands of residents to leave faster. Soon, thanks to the Demo Communist Politicians of illinois, and RINO Rauner, your homes will be worthless. Think about it. Who's gonna buy them ?
Socialist illinois is running out of other people's money. Venezuela, here we come.
"And let us not forget that Wisconsin's much ballyhooed manufacturing jobs coming to that state (courtesy of Apple and Governor Scott Walker) have received so much tax incentives from that state......"
One thing to keep reminding people about the tax incentives is they are not pallets of cash like obama gave iran. They are over credits given out over time as employment numbers are met by the businesses that located there.
Sometimes people think all politicians are as corrupt as the democrats are.
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