We often talk about the necessity of job creation to a housing recovery, and last month produced good news on the country’s unemployment rate. Whether that will benefit the Chicago real estate market remains to be seen. The Labor Department announced Friday that the November 2011 unemployment rate dropped to 8.6 percent, the lowest level …
This week has had positive news galore: Chicago Real Estate Market Showing Signs of Spring New-Home Construction on the Rise More Encouraging Housing News Commercial Chicago Real Estate Improving Let’s keep it going and end the week on another positive note: The state’s unemployment rate is setting records. According to the Illinois Department of Employment …
The recovery of the Chicago real estate market and the jobless rate in Illinois go hand-in-hand, so it brings us great pleasure to announce that the state’s unemployed fell below 9 percent for the first time in two years. The unemployment rate in Illinois dipped from 9 percent in January to 8.9 percent in February, …
Chicago homeowners have seen record-high foreclosure rates throughout this housing crisis, and we can thank the unemployment rate, which has been higher than the national average for months. Not anymore. According to figures released by the Illinois Department of Employment Security, the unemployment rate in Chicago fell 1.5 points in October to 8.9 percent. Finally, …
