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  #241  
Old Posted Apr 27, 2017, 2:09 AM
the urban politician the urban politician is offline
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Declining population, declining jobless rate. That can only mean 1 thing: the people without jobs are leaving.

Yes I know, oversimplification. But I like believing that
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  #242  
Old Posted Apr 27, 2017, 1:03 PM
Justin_Chicago Justin_Chicago is offline
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Origin raises $80 million follow-up fund

One of Chicago's biggest venture funds raised $80 million for its fourth fund.

Origin Ventures, best known as an early backer of Grubhub, raised about twice as much its last fund, in 2013.

The new fund will allow Origin to make bigger investments. It focuses on Series A rounds, or the first institutional investments in startups. Origin specializes in tech companies in software, digital marketplaces and content.

Origin is one of several local venture firms that have reloaded recently, including OCA Ventures ($73 million), Chicago Ventures ($66 million), Hyde Park Venture Partners ($65 million) and Corazon Capital ($37 million.)

Origin already has made five investments out of the new fund, including a $7.5 million round for Tock, a restaurant-software firm run by Alinea partner Nick Kokonas and former Google software engineer Brian Fitzpatrick.

Article: http://www.chicagobusiness.com/artic...follow-up-fund
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  #243  
Old Posted Apr 27, 2017, 3:02 PM
Vlajos Vlajos is offline
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Originally Posted by marothisu View Post
Not exactly city or metro, but since Chicago is such a large portion of Illinois I think it's valid. The state unemployment rate dipped the most of any state from February to March - decreasing 0.5%. It's now 4.9% unemployment rate which is tied with California and slightly lower than Texas (5%). If you compare against March 2016, then Illinois is tied for 2nd highest decrease of any state, which is 1.2% lower.

Not terribly long ago, Illinois had one of the 3 worst (highest) unemployment rates. Right now it's tied for 36th highest (counting Puerto Rico) with California, North Carolina, and West Virginia. There's also 4 states that are at 4.8% and 1 at 4.7%.

For some reason I can't get to the database portion of the BLS right now, but kind of interesting to me at least. Will be curious about the city and metro area numbers, which I think are set to be released next week.


And now, in city job news:
Yagan moves ShopRunner's Silicon Valley ops to Chicago
http://www.chicagobusiness.com/artic...eam-to-chicago
Yeah, it's amazing. According to BLS, Chicago metro unemployment is now 4.2% as of March 2017. Employment up about 25,000 from February and unemployed down about 33,000 for a very small decrease in the labor pool. And a new record for non farm payrolls in March, which is really important.
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  #244  
Old Posted Yesterday, 11:39 AM
marothisu marothisu is online now
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Originally Posted by Vlajos View Post
Yeah, it's amazing. According to BLS, Chicago metro unemployment is now 4.2% as of March 2017. Employment up about 25,000 from February and unemployed down about 33,000 for a very small decrease in the labor pool. And a new record for non farm payrolls in March, which is really important.
I can't get to the data (I'm in China..might have something to do with it)... So you're telling me that it dropped 1.1% from one month to the next? It was at 5.3% in February.
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  #245  
Old Posted Yesterday, 3:22 PM
Vlajos Vlajos is offline
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Originally Posted by marothisu View Post
I can't get to the data (I'm in China..might have something to do with it)... So you're telling me that it dropped 1.1% from one month to the next? It was at 5.3% in February.
Unemployment was 5.1% in 2/17 and 4.2% in 3/17. They may have revised February down.
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  #246  
Old Posted Yesterday, 5:26 PM
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Originally Posted by Vlajos View Post
Unemployment was 5.1% in 2/17 and 4.2% in 3/17. They may have revised February down.
what link are you using for this data? I can only see that metro areas come out in the next few weeks for March.
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  #247  
Old Posted Yesterday, 6:48 PM
Vlajos Vlajos is offline
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Originally Posted by MayorOfChicago View Post
what link are you using for this data? I can only see that metro areas come out in the next few weeks for March.
Here you go

https://www.bls.gov/regions/midwest/il_chicago_md.htm
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  #248  
Old Posted Yesterday, 10:30 PM
marothisu marothisu is online now
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Originally Posted by MayorOfChicago View Post
what link are you using for this data? I can only see that metro areas come out in the next few weeks for March.
There's always preliminary numbers released before. They usually don't change and if they do it's usually just 0.1% or 0.2%.
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  #249  
Old Posted Yesterday, 10:37 PM
marothisu marothisu is online now
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Originally Posted by Vlajos View Post
Hm, that's the metro division which is a subset (albeit a very large one) of the msa. It doesn't look like it's counting Elgin, WI, or Indiana portions. Looks like those numbers aren't out yet. Needless to say, it looks like even with those the unemployment rate will have dropped a lot again.
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  #250  
Old Posted Today, 1:22 AM
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ardecila ardecila is offline
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Originally Posted by CastleScott View Post
Hey Chicago guys-got a question, did Metra move their maintenance car/locamotive yard form that area just south of Union Station (I understand that area will need a clean up before development will go forward) to somewhere else? On my travels to Chicago the Amtrak trains I usually take (the California Zephyr and sometimes the Southwest Chief) go right by there and after watching youtube videos of trains leaving Union Station and traveling south I noticed that Metra facility looks abandoned. Thanks
Nope, still active. There are more trains entering the city than leaving the city in the morning (and vice versa in the afternoon) so Metra needs that yard for midday storage on the BNSF, SWS, and HC lines.

It may be the case that more-intensive maintenance activity has shifted to more spacious yards in the suburbs.
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  #251  
Old Posted Today, 4:10 PM
Vlajos Vlajos is offline
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Originally Posted by marothisu View Post
Hm, that's the metro division which is a subset (albeit a very large one) of the msa. It doesn't look like it's counting Elgin, WI, or Indiana portions. Looks like those numbers aren't out yet. Needless to say, it looks like even with those the unemployment rate will have dropped a lot again.
Yeah, but it's a good indication of what the entire metro will show. And it's the most important part by far.
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  #252  
Old Posted Today, 5:22 PM
marothisu marothisu is online now
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Originally Posted by Vlajos View Post
Yeah, but it's a good indication of what the entire metro will show. And it's the most important part by far.
Agreed. Judging by the past numbers, it looks as if the rate will only be 0.1% or 0.2% higher than that which is still a nice decrease from the previous month
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