Illinois is still far off its best unemployment rate ever of 4.2 percent (imagine that!) set in February 1999, but things could be a lot worse. And they were, back in February 1983 when Illinois' unemployment rate was a whopping 12.9 percent.
The Bureau of Labor Statistics released the April 2014 unemployment data for all 50 states and Illinois' seasonally-adjusted unemployment rate came in at 7.9 percent. Why is that significant?
As with every other race, obtaining a college degree means facing lower rates of unemployment. For AAPIs, having a college education means shaving nearly 2 percentage points off the unemployment rate compared to AAPIs with only a high school education.
Two recent reports provide an upbeat assessment of private companies, the drivers of 65 percent of new job creation and nearly 50 percent of private n...
The skills gap means that even if overall labor demand goes up, the dearth of skilled workers means new positions cannot be rapidly filled.
While the overall quality and composition of earnings in the 1Q may have improved somewhat, index earnings growth remains highly dependent on margin expansion.
This complacency by governments who are cowed by big business and big finance means a cocktail of increasing inequality, joblessness and informality with little or no change in the volatility of the financial sector as serious financial regulation gets pushed into the medium term at best.
I have always envied people who appended initials to their name. I'm not talking about a striver working for a Human Resources consulting firm or grap...
If the United States seeks to remain competitive in a global economy, it is essential that colleges and universities graduate more students majoring in the science, technology, engineering and mathematics (STEM) disciplines.
Last week, the Prime Minister of Portugal announced the end of the third intervention of the International Monetary Fund in the country since 1978. But the challenges Portugal faces in building a flexible economy will continue.
Where can the middle class afford to buy a home today? Affordability has worsened in the past year, as home prices have climbed faster than incomes and mortgage rates have risen. But compared with the longer-term past, homeownership still looks relatively affordable:
To get job creation moving and get people back to work, everyone needs to take a step back and breathe deeply.
As for soon-to-be grads who will just be entering the job market, preparing, researching and asking good questions will put you in a better position to receive an offer. But, there are also plenty of bad questions that could ruin your chances.
Illinois lagging behind the rest of the country in terms of unemployment is nothing new... it has been that way since the recession. But why can't the Land of Lincoln catch up? Why does it have to be stuck in the pack at the back?
One of the first critical steps in building your business is hiring employees. Yet interviewing job candidates is often ineffective and, worse, presents abundant potential for costly mistakes and missed opportunities. Interviewing itself is far from foolproof.
How in the world does a young adult get a decent paying job in New York City? Even college graduates with good grades, experience and connections often have to take unpaid internships to get a foot in the door.