Job Market Monitor
Chicago
Chicago – Nearly half of young black men out of work and out of school
Forty-seven percent of 20- to 24-year-old black men in Chicago, and 44 percent in Illinois, were out of school and out of work in 2014, compared with 20 percent of Hispanic men and 10 percent of white men in the same age group, according to the report from the University of Illinois at Chicago’s Great … Continue reading
Skills for Chicagoland’s Future – Tackling the problem of the long-term unemployed from a different angle
Marie Trzupek Lynch is tackling the problem of the long-term unemployed from a different angle as founding president and CEO of public-private partnership Skills for Chicagoland’s Future, an initiative backed by U.S. Commerce Secretary Penny Pritzker. Lynch has been working to prove the model since 2012 when she pivoted from predecessor Chicago Career Tech. That … Continue reading
The Fed and the Unemployment Rate / Fisher says he’s opposed to cutting the 6,5% threshold
The Federal Reserve should not keep changing the goalposts for raising interest rates, a top Fed official said, just a week before the U.S. central bank convenes a policy-setting meeting where that possibility is likely to be discussed. Dallas Fed President Richard Fisher told an agricultural group in Chicago that the Fed’s current threshold for … Continue reading
Dominick’s in Chicago / 5,600 layoffs
Dominick’s officially notified the state on Oct. 30 that it is closing all of its Chicago-area stores Dec. 28, affecting a total of 5,633 workers. Continue reading
Undermatching: academically capable low-income and minority students who do graduate from high school and are well prepared for college who do not succeed
“It has become a truism and a rare example of political consensus: Educators, researchers, and policymakers across the political spectrum agree that America must send more of its young people to college and must find ways to help them graduate” writes Jay Sherwin in Make Me a Match: Helping Low-Income and First-Generation Students Make Good College Choices … Continue reading
Chicago Public Schools lays off 850 teachers and staff members
About 850 teachers and staff at Chicago Public Schools were laid off as 48 Chicago schools are set to close this month, officials said. Among those laid off are teachers, some of whom were tenured, paraprofessionals, bus aides and part-timers, all of whom were informed about the layoffs Friday, the Chicago Sun-Times reported. Some teachers … Continue reading
US Census / Are Big City Growth Coming Back ?
Big cities could be making a growth comeback after a rocky decade. Their growth rates are rising and, for the second year in a row, they are growing faster than their surrounding suburbs. The Census Bureau’s new release of population estimates for cities through July 2012 offer some surprises in light of recent trends. After … Continue reading
Working in the US / The most accessible metropolitan areas in 2010 : Los Angeles, San Francisco, New York
Job accessibility has changed over time. In the past two decades, Las Vegas, Jacksonville, Austin, Orlando and Phoenix have seen the largest percentage gains in job accessibility while Cleveland, Detroit, Honolulu and Los Angeles have seen the largest percentage drops. This study estimates the accessibility to jobs by automobile in the 51 largest metropolitan areas … Continue reading
Chicago / The “Fight for 15” campaign (at least $15 per hour )
Workers at 30 fast-food restaurants and retail stores in downtown Chicago plan to stage a walkout Wednesday in hopes of pressuring their bosses to pay them more money. The action is part of the “Fight for 15” campaign, organized by the Service Employees International Union along with nonprofit groups, which seeks wages of at least … Continue reading
Chicago / Steep decline in R&D spending costs job
The Chicago region has experienced a steep decline in private research and development spending over the last decade, according to a report released Tuesday by the Chicago Metropolitan Agency for Planning. In reducing R&D spending and jobs from firms that focus on innovation, the region has lost ground to San Diego, Boston, Silicon Valley and … Continue reading
Chicago / Teachers layoffs in 2011 / Union claims black neighborhoods were targeted
The Chicago Board of Education targeted teachers in black neighborhoods for layoffs in 2011, firing African-American teachers at a higher rate than white coworkers, the teacher’s union claims in a class action. Chicago Teachers Union Local 1; the American Federation of Teachers, AFL-CIO, and three teachers sued the Board of Education of the City of … Continue reading
Oscar maker plans layoffs
The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees as it’s bought by a Canadian firm. But some workers could be rehired. R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers on Dec. … Continue reading
Chicago / Skills Gap will crimp their growth next year
Chicago-area manufacturers who participated in a panel discussion Thursday said the shortage of skilled workers will crimp their growth next year. Tim Jahnke, president and chief executive of Elkay Cos., an Oak Brook-based maker of stainless steel sinks, faucets, water coolers and plumbing products, said the situation is so severe that his company may have … Continue reading
Education Gap – Chicago – 3.5 job openings for every unemployed worker with a bachelor’s degree or higher
A just-released report from the Brookings Institution rated Chicago and other cities by how well job openings line up with workers’ education. Like most big cities, Chicago has a larger share of available jobs that require higher education — a bachelor’s degree or more — than job seekers who hold those degrees. There are 3.5 … Continue reading
Chicago – Federal Savings Bank to create 400 jobs
The Federal Savings Bank, a Kansas-based home lender bought last year by a pair of Chicago brothers in the mortgage banking business, is opening a national home loan center in the West Loop that it says will create 400 jobs over three years. The bank said it’s getting $18 million in tax breaks over 10 … Continue reading
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