Illinois continues consecutive job growth in November – WCIA (Champaign)

The unemployment rate increased by 0.1% to 4.7%, while the number of people on nonfarm payrolls increased by 17,500 in November. IDES said the change in the rate reflects an increase in the number of workers looking to return to the labor force.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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