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
- Freight Network Wreaks Economic and Environmental Hazards on Our Neighborhoods
- Raja Krishnamoorthi Introduces Universal Lunch Bill to Keep Illinois Children Fed
- ENDORSEMENTS CONTINUE TO ROLL IN FOR COOK COUNTY COMMISSIONER DR. KISHA McCASKILL
- Treasurer’s website offers easy way to update property tax bill name and address information
- Illinois students apply research and robotics in the Illinois FIRST® LEGO® League Challenge state championship
Latest Podcast
Get Your House In Order 2
