The government announced Friday that the U.S. unemployment rate hit a four-year low, and now sits at 7.7 percent. That’s down from 7.9 percent in January.
Sounds like good news, right? While employers did add about 260,000 jobs in February, the lower rate is also due in part to another 130,000 people leaving the job market entirely, the government reported.
Meanwhile, in Illinois the unemployment rate jumped to 9 percent in January from its previous 8.7 percent in December, according to a report in Crain’s Chicago Business.
Some economist report that the country, if not Illinois, is on the road the economic recovery, but others say tough times are far from behind us.
What do you think? Is the economy recovering? And how do you feel about Illinois’ prospects at finding its employment footing?
Have your say in the comments below.
Are you looking for work? Check out some our local job listsings.
- Jobs Central: Joliet Area Job Listing - March 5 Edition
- Kendall County
Scum? For pointing out that our economic realities are tied to societal and technological shifts that were due to happen no matter who was in office? The economy is growing and with no help from the "job creators" that have their money tucked away safely overseas lest they unintentionally improve the economic situation and make the President look good. As a matter of fact, the GOP couldn't even follow through on their plan to make Obama a "one-term President" by limiting the functionality of our government, and causing damage to our credit rating and international reputation. They've failed at failing. The current Republican party ( there seems to be at least two of them at this point fighting each other) is as dysfunctional as any party the US has ever produced. True Republicans know that they need to change something or the party will splinter and die.
If you think all government employees are just leeches on you, try doing without teachers, firefighters, police and the many watchdog agencies that try to protect you from crooks. We didn't tank the economy and many government workers have been eliminated and wages lowered just as in the private sector. Next time you go into your local unemployment office and file for benefits, remember that you DIDN"T pay into that fund and yet it's there when you need it. .
Because the children in Congress can't get their acts together we'll have less border patrol to keep out the illegals who add to our hardships. Think there's no jobs now, Just Wait Congress shouldn't get paid until they can figure this one out!
Today we call them Analyst, Economist, Forecasters. In times past we called them, Story tellers, Tale bearers, Gossipers. Today we call them Anchor Man or Women, Reporter, Journalist.
Let the congress submit a budget and let the senate give it an up or down vote. Then lets see who the real obstructionists are.