Saturday, May 10, 2014
What’s behind Illinois’ employment collapse? - Illinois Policy Institute
The elected officials in some states just don't get it...
On the IllinoisPolicy website, Michael Lucci tells us about Illinois:
"The percentage of the working-age population that is employed fell by 5.6 percentage points, from 65 percent in January 2008 to 59.4 percent in December 2013. This percentage, called the employment ratio, has been described by economist Paul Ashworth as the 'best measure of labor market conditions.'
The Great Recession hit the jobs market in January 2008. Since then, Illinois has seen a greater decline in its employment ratio than any other state in the Midwest."
