Total_Employment Q4 2006 121498
Net_Job_Flows 2067
Job_Creation 4608 Total new positions created
Plus
New_Hires 17030 Total new hires
Minus
Separations 23516 Separations (fired, laid off) = Net Loss of 1,878 jobs in 4th qtr
Turnover 0.094
Avg_Monthly_Earnings $2666
Avg_New_Hire_Earnings $1514
(QWI - US Census Bureau)
As you can see by the above, one year ago we experienced in the height of the retail season a net loss of almost 2,000 jobs. We continue to be 35% BELOW the state of Illinois average monthly wage as a region. We are also high on the employee turnover with almost 10% turnover. If we were to analyze this we would find many people with multiple low paying jobs, maybe a farm job too, and with all of that there is still a struggle to earn a sustainable wage. I will have more to say on this later.
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