Monday, June 03, 2013

Chicago: The city that's out of work

Crain's Chicago Business reports:
Unemployment is falling across the country — some places faster than others. That much remains apparent in Chicago, where joblessness for the metropolitan area came in at 9.1 percent in April, two percentage points above the national rate. The situation was worse in the city itself: 10.3 percent of residents were out of a job and looking for work, according to new data released by the Bureau of Labor Statistics. Hey, maybe that's part of life in a big city, right? Unfortunately not. Crain's took a look at the employment situation in the largest metro areas around the country and found a wide range of results. Houston, Boston and Washington, for example, had jobless rates of less than 6 percent in April. New York's metro area, twice the size of Chicago's, stood at 7.5 percent. Meanwhile, for the third straight month, Chicago has beaten out Los Angeles for the highest unemployment among the top-10 metro areas in population. We haven't owned this distinction since the early days of the recession. Chicago also has started out 2013 with four straight year-over-year increases in unemployment, bucking the downward national trend.
Here's a story the legacy media refuses to ask about at one of those Jay Carney freak shows.