Without reforms that level the playing field between the public and private sectors, the cost of Illinois’ public sector workers will continue to damage the state’s labor market, economy and taxpayers.View Report
While Illinois claws back jobs from the COVID-19 associated downturn, in-depth analysis shows why the state is struggling more than most other states’ economies.
Delinquent mortgages nearly doubled to 124,000 amid COVID-19’s soaring unemployment, and inaction by state and local governments.
IDES estimated unemployment rate remains artificially low because it fails to count nearly 238,000 Illinoisans who have given up trying to find a job.
Illinois is the largest state without a short-time compensation plan, increasing the chances nearly 32,000 job losses will be permanent.
Data published last week by the Bureau of Economic Analysis revealed that U.S. gross domestic product shrank at an annualized rate of -32.9% during the second quarter.
Most other states have recouped more of their February-April job losses from the pandemic shutdowns than Illinois.
COVID-19 and associated government lockdowns disproportionately harmed women with children at home.
The state and most of its urban areas are failing to get residents back to work at rates matching the national average.
Illinois’ leisure and hospitality sector has added 94,200 jobs since April, but remains down 223,200 jobs since February.
Continued unemployment claims in Illinois remain virtually unchanged since mid-April. Other states are getting back to work.