• Illinois Unemployment Rate Hits Double-Digits Again

    The jobless rate in Illinois hit 10 percent for the first time since August 2010 after unemployment in the state rose in September for the fifth straight month, Crain’s Chicago Business reported on October 20, 2011. The Illinois Department of Employment Security “blamed the increase on continued weakness in consumer confidence nationwide but noted a sharp drop in construction jobs in September,” although industry experts told Crain’s that a multibillion-dollar state budget deficit is holding back government construction spending.

    While the Department of Employment Security reported Illinois employers created 1,600 new jobs in September, the number of unemployed people rose to 663,300. The latest figure is 10,500 more than in August and an increase of 1.6 percent, but Crain’s noted that state unemployment rates “do not include people who haven’t looked for work in the previous month, so the real number of unemployed, while not tracked at the state level, is higher.”

    Construction employers suffered the biggest losses with 3,000 jobs cut in September, falling from 205,200 jobs to 202,200. Crain’s said the biggest increase was among employers of educational and health services workers, who added 4,900 jobs in September for a total 854,500.

    Are you one of the state residents who recently became unemployed? Or have you been out of work and unable to fund a new job for many months? Has your employment situation made it difficult to pay bills and left you seeking foreclosure help ? Even without a job, a bankruptcy means test can help determine a better way for you to manage your financial obligations. Our Chicago bankruptcy lawyers can help you end debt collector harassment through a Chapter 13 or Chapter 7 bankruptcy. You have the right to keep your home even when you are struggling to find work, and our firm can help you do that when you contact our office for a free consultation.

    Benjamin Brand Services – Chicago bankruptcy attorneys

  • Housing Starts Surge in September, But Not Enough to Single Recovery

    A surge in volatile apartment construction drove homes to be built in September at the fastest pace in 17 months, the USA Today reported on October 19, 2011. While single-family home construction rose only slightly and building permits fell to a five-month low, the Commerce Department said privately owned homes were started at a 658,000 annual rate last month. According to USA Today, that is a 15 percent increase from August and roughly half the 1.2 million that economists say is consistent with healthy housing markets.

    New-home sales, however, hit a six-month low by falling in August to a seasonally adjusted annual rate of 295,000. USA Today said this year is shaping up to be the worst since the government began keeping records a half-century ago.

    For every news item that hints at economic improvement, does it seem like you are still waiting to feel the benefits? If you are struggling through hard times and want to end creditor harassment, you can get deserved relief today by filing for Chapter 13 or Chapter 7 bankruptcy. In order to eliminate bills and stop foreclosure, the first step could be a bankruptcy means test . Our Chicago bankruptcy lawyers can assist you in getting the foreclosure help you have been seeking when you contact our office to set up an initial consultation.

    Benjamin Brand Services – Chicago bankruptcy attorneys