Sunday, November 27, 2016

Someone is not adding in Illinois

Illinois’ nonfarm jobs growth was stagnant in October as the greatest jobs gains in the U.S. went to populous coastal states, according to new employment data released Friday morning by the U.S. Bureau of Labor Statistics.Nonfarm jobs in Illinois stayed at 6 million last month, registering only 0.5 percent growth over the year and ranking the state at 39th place in terms of jobs growth. The state added 29,500 jobs over the past 12 months, placing it in 24th place in raw terms.
But:
The City Council approved Mayor Rahm Emanuel’s $8.2 billion budget yesterday. Crisis or no crisis, it’s up 4.8% from last year. There wasn’t anything to debate because the tax and fee hikes had been done outside the budget process.
The Chicago city council has effectively declared bankruptcy, says the process of adding things up. 

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