Illinois’ real unemployment rate – Illinois Policy Institute

llinois’ working-age adult population, from which the workforce is drawn, has grown by nearly 300,000 since the start of the recession. Despite this growth in the working-age population, the Illinois workforce has shrunk by 226,000 over the same period. This leaves a gap of more than 500,000 working-age Illinoisans who either dropped out of the workforce or never entered it. Full report is linked here.   via Illinois’ real unemployment rate – Illinois Policy Institute.

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Bloody Tuesday for Illinois Taxpayers: Tens of millions to fund Quinn’s new jobs claims – WP Original

By: Mark Glennon*   Not just another day in Illinois. The election is coming up, so open your wallets to fund the pork. Here’s what we got today:   Cronus will build a fertilizer plant downstate employing 175, and 25 jobs will be created in Chicago. Cost: $52 million for just 200 permanent jobs!   Coyote Logistic will supposedly add 500 jobs in Chicago. Cost: $2.5 million to taxpayers.   Amazon: 1,000 jobs. Cost: Not known yet, but likely huge. According to the Tribune, “Without knowing where Amazon intends to build in Illinois, it is impossible to tally the millions

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Pensions are unnecessary to attract good teachers – Public Sector

Two reports released late last week question whether the rewards are proportionate to the risk. They show that unpensioned teachers can be outstanding, and that upfront cash may function more efficiently as a hiring incentive. http://www.publicsectorinc.org/2014/10/pensions-are-unnecessary-to-attract-good-teachers/

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Amazon to open its first Illinois warehouse; taxpayers on the hook

Amazon.com and state officials will announce plans for new facilities in the Chicagoland region that would employ at least 1,000 people within three years, according to the state’s economic development agency. http://www.chicagotribune.com/business/ct-confidential-amazon-illinois-1028-biz-20141028-column.html

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Poll shows minimum wage hike popular – Pantagraph

A survey of more than 1,000 voters by the Paul Simon Public Policy Institute at Southern Illinois University found 71 percent of registered voters favor increasing the state’s $8.25 per hour minimum wage to $10 per hour. http://www.pantagraph.com/business/poll-shows-minimum-wage-hike-popular/article_c9ad5c5d-c75e-50f9-8e05-d8e0493efeb2.html

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