Job Layoffs Cause the Unemployment Rate to Rise
by Dwayne T. Ervin
The unemployment rate rose to 5.7 percent nationally and 6.8 percent in Illinois, while employment overall continued to fall in construction, manufacturing and in several service-providing industries. Health care and mining on the other hand, continued to add jobs according to a recent report released by the Bureau of Labor Statistics of the U. S. Department of Labor.
Due to stability in the health care profession, one local economist Dr. Edward Stuart, a professor of economics at Northeastern Illinois University Chicago is optimistic that the job search time for Michael Reese Hospital employees affected by a possible closing, should be brief. Michael Reese, a 450-bed facility was founded in 1881 and initially opened its doors to provide care to poor immigrants and the underserved. Although a specific date for the closing could not be confirmed by press time, the issue surrounding the closing is currently pending in court.
Subscribe Now to read full articles!
Latest Stories
- Missing Persons Identification Act Becomes Law
- Clerk Mariyana Spyropoulos Hosts Second Chance Summit to Make Justice Accessible
- South Suburban College and Superior Ambulance Announced Their Articulation Agreement Following The Groundbreaking Of The New Allied Health & Nursing Center
- EARLY WALKER AND VMS TO ANNOUNCE HUGE EXPANSION PROMOTING DIVERSITY IN CHICAGO TOWING CONTRACT
- ATTORNEY GENERAL RAOUL CALLS ON INSTAGRAM TO STRENGTHEN LOCATION PRIVACY
Latest Podcast
STARR Community Services International, Inc.
