Samantha Bomkamp
http://articles.chicagotribune.com/2013-07-26/business/chi-chicago-unemployment-20130726_1_unemployment-rate-ides-director-jay-rowell-chicago-joliet-Naperville
Summary:
Three quarters of the metro areas in Illinois had a huge decline in unemployment in the past month, with the best decreases in Metro East, Lake County, Rockford and Champaign-Urbana. However, the state also had a few major areas experience large increases in unemployment too. These areas include Decatur, Danville, Peoria and Chicago-Joliet-Naperville. One area that has been in the spotlight for a while has been the city of Chicago. Recently Chicago's unemployment rates rose 0.7 percentage points to 10.3 percent. Practically one in ten people are jobless. Illinois has a consistently higher unemployment rate than the nationwide rate. Here is a chart to show the rates of Illinois compared to the city of Chicago itself, and the national rate.
Taking a look at the data on the chart, it is easily noticed that the unemployment rate of Chicago (red) is significantly greater than that of the national rate (blue). Chicago is one of the many cities that may fall onto a path similar to Detroit, a city which has declared bankruptcy. These high unemployment rates make Illinois (orange) one of the worst unemployment rated states in the country (Nevada is first with 9.5 percent).
Chicago is a city in general that seems to have a number of very significant issues. Not only is unemployment very high, but violent crimes like murder make Chicago one of the most overall worst cities in the country. If something is not done soon, this will only get worse.
ReplyDeleteWow, 1 in 10 jobless is a big number of unemployed workers. I also would not be surprised to see Chicago declare bankruptcy as all of those unemployed workers will not have the money to pay taxes to the city, and therefore the city of Chicago will have a lot less revenue to spend on their already inefficient government services.
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