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(The Center Square) – Unemployment in Illinois climbed to 5.3% in October, making the state home to the third highest jobless rate in the country. All told, some 346,000 residents were left ...
Chicago-based hardware retailer True Value, which filed for Chapter 11 bankruptcy last week, could lay off nearly 900 employees in Illinois alone if the company isn’t sold during bankruptcy ...
Annual rate of change of unemployment rate over presidential terms in office. From President Truman onward, the unemployment rate fell by 0.8% with a Democratic president on average, while it rose 1.1% with a Republican. [27] Job creation is reported monthly and receives significant media attention, as a proxy for the overall health of the economy.
Job losses caused by the Great Recession refers to jobs that have been lost worldwide within people since the start of the Great Recession.In the US, job losses have been going on since December 2007, and it accelerated drastically starting in September 2008 following the bankruptcy of Lehman Brothers. [1]
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Over the last 12 months, 113 companies with more than $100 million in assets have filed for either Chapter 7 or Chapter 11 bankruptcy, Cornerstone Research said in a new report.
ULTRA was a manufacturer as well as a direct importer of diamonds, gemstones, and gold jewelry. At one point, Ultra operated over 100 stores in outlet centers and 38 other format locations (primarily licensed jewelry departments). The company went through though bankruptcy in 2001–2002 and again after the financial crisis of 2007–2008.
CHICAGO — Long-time Chicago-based hardware retailer True Value has filed for Chapter 11 bankruptcy and entered into an agreement to sell its operations to Do It Best Corp., the company announced ...