The high share of long-term unemployed in Illinois makes it increasingly difficult to reduce the unemployment rate, said Tom Gimbel, CEO of Chicago-based employment agency LaSalle Network.
From FileUnemployment.Org (posted in-part):
""Illinois has the country’s second highest unemployment rate first being Nevada. At 9.3 percent, it is two percent higher than the national average of 7.5 percent. The US is on its way to economic recovery but some states are still lagging in terms of fixing its unemployment rate.
Apart from Illinois only Nevada has a worse unemployment rate because of its extensive dependence on only one industry, that is gaming, but Illinois has a diverse economy.
According to Illinois Department of employment services, the largest [unemployment] decline was evident in the Rockford, Kankakee and Chicago areas, which had been plagued by high unemployment rates.
The state lost a net 17,800 jobs in March, and the losses were widespread, occurring at a range of different types of employers. The trade, transportation and utilities sector lost 9,000 jobs, professional and business services firms shed 5,800 jobs, leisure and hospitality businesses cut a net 4,900 jobs, and positions at construction companies were down 1,300 for the month.
The high share of long-term unemployed in Illinois makes it increasingly difficult to reduce the unemployment rate, said Tom Gimbel, CEO of Chicago-based employment agency LaSalle Network.
“The longer you are unemployed, the more difficult the task of finding a job will be in your specific field,” Mr. Gimbel said. “If you are willing to take a lower-paying job or a different type of job, it has less of an impact.”
The taxes also play a major role in the state’s employment rate. Illinois has the fourth highest corporate income tax in the industrial world which discourages companies from setting up. Positive measures by the state are required to facilitate industries and generate employment opportunities for Illinoisans.""
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