Illinois July Job Losses leads nation, Obama cronies raise taxes and government spending, IL unemployment rate 9.5 percent
As Obama formulates another award winning solution for creating jobs, you know like the Stimulus Bill, Illinois, Obama’s home state, gained recognition recently for having the highest job losses in the nation.
From the Chicago Daily Observer August 23, 2011.
“Illinois Leads Nation in Jobs Losses”
“Nationally, lawmakers and economists are debating what policy changes will help the U.S. progress toward economic recovery. Here in Illinois, residents are getting a harsh lesson of what happens when taxes go up, government spending isn’t reformed and past-due bills continue to go unpaid.
Last week the Bureau of Labor Statistics delivered three pieces of bad news to Illinois:
The number of Illinoisans employed continues to fall.
Illinois lost more jobs during the month of July than any other state in the nation. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm payroll jobs in July.
The Illinois unemployment rate, which rose to 9.5 percent, now exceeds the national rate.
“The policies currently in place – higher taxes, more spending, and unreformed liabilities – are clearly not working for those who are struggling to make ends meet,” said Kristina Rasmussen, executive vice president at the Illinois Policy Institute. “A great starting place for lawmakers eager to create an atmosphere of job growth would be to repeal the recent income tax increase, which robs families and businesses of resources they could put to better use.””