Quote of the Day

“The 224 thousand gain in jobs (excluding the 66,000 additional workers on the census) in April is very welcome news. It clearly shows that this economic recovery can no longer be seen as a jobless one. Following three quarters of growing production, companies apparently find they can’t squeeze out any more output without adding workers. This underscores yesterday’s news that Q1 productivity growth slowed to a healthy 3.6 percent following the staggering rate of above 7 percent on average in the previous three quarters.

“These job gains are comparable to what we’ve seen following other deep recessions, suggesting that U.S. business has become more confident that the recovery is sustainable. Manufacturing jobs are returning to a significant extent, and construction employment turned the corner in the previous two months. The key factor this spring will be continued gains in service-sector employment beyond health and education.

“Continued employment gains of this size could put the economy on a solid 3 percent growth track and — if productivity growth stays up – even boost it to 3.5 or 4 percent.”

– Bart van Ark, Chief Economist, The Conference Board

Notes: Illinois OKs Illiana

The Illinois legislature yesterday approved legislation authorizing the Illiana Expressway.

The measure now goes before Illinois Gov. Pat Quinn — who is expected to sign it. Gov. Mitch Daniels has already signed into law similar legislation for the Indiana portion of the road.

“The fact that we’ve gotten two states to come up with enabling language for one specific project in the same legislative cycle is an exciting day,” said state Sen. Toi Hutchinson, D-Chicago Heights, the sponsor of the legislation in the Illinois Senate.

Hutchinson said she is excited by the estimated $6 billion in projected economic development and the more than 13,000 permanent jobs expected to come into Illinois as a result of the road.

Indiana is expected to reap some 10,000 permanent new jobs related to development along its 10-mile portion of the Illiana Expressway.

“Cash for Caulkers,” a new stimulus program passed yesterday by the House, would allow homeowners to collect rebates for renovating their homes with better insulation and energy-saving windows and doors.

Lieutenant Governor Becky Skillman will kick off Visit Indiana Week today with a variety of discounts and deals for summer travel in the state.

Nonfarm payroll employment rose nationally by almost 300,000 in April, but overall unemployment edged as more job-seekers returned to hunt for work.

Muncie officials want to buy and clean up an industrial location in a bid to save 38 jobs.

A recent study says that Midwest states could add more than 9,000 jobs by growing produce locally.

The NFL Players Association is threatening to boycott three Indianapolis hotels during next year’s Scouting Combine if they don’t change their labor practices.

Illinois and federal officials will conduct another mass fish poisoning in Chicago waterways to check for the presence of Asian carp.

Northwest Indiana Regional Development Authority Unveils Gary/Chicago International Airport Strategic Business Plan

The Northwest Indiana Regional Development Authority announced five principal recommendations and the secondary steps crucial to the development of the Gary/Chicago International Airport. The findings come directly from the first real and practical Gary/Chicago International Airport Strategic Business Plan prepared by the international aviation consulting and planning firm Landrum & Brown.

The report, six months in development, revolves around primary business segments including aviation business development, land utilization, finance, governance and business/community. The key recommendations:
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