Jobs + Growth

State of the state: Pritzker saw worst first-year jobs numbers since Blagojevich

By Orphe Divounguy, Bryce Hill
01/27/2020
Illinois job creation lagged the national median in nearly every sector.

TAGS: 401(k), BLS: Bureau of Labor Statistics, Chicago, constitutional amendment, economic competitiveness, economic growth, fair tax, government spending, graduated income tax, housing, housing market, IDES: Illinois Department of Employment Security, Illinois, Illinois Constitution, Illinois General Assembly, income, income growth, JB Pritzker, job creation, job market, jobs, jobs growth, labor, labor force, labor force participation rate, neighboring states, outmigration, payroll, pension, pension benefits, pension costs, pension crisis, pension debt, pension reform, pension spending, pensions, personal income, population, population loss, private sector, progressive income tax, progressive tax, public sector, retirement, retirement age, Spending, spending cap, Springfield, state constitution, tax burden, tax hikes, tax increase, U.S. Census Bureau, unemployment

Chicago area up 241K jobs, rest of Illinois down 41K jobs from before recession

By Austin Berg
01/21/2020
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.

TAGS: BLS: Bureau of Labor Statistics, capital gains, capital investment, Chicago, corporate income tax, economic competitiveness, economy, graduated income tax, Great Recession, Illinois, Illinois General Assembly, industry, investment, investment returns, JB Pritzker, jobs growth, labor, labor cost, minimum wage, outmigration, pass-through, population, population loss, progressive income tax, progressive tax, property, real estate, recession, recovery, Springfield, tax competitiveness, tax hikes, tax increase

Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat is fair, flat tax, graduated income tax, Great Recession, Illinois, Illinois General Assembly, income, income growth, income tax, JB Pritzker, labor, labor force, marginal tax, personal income, population, population growth, population loss, progressive income tax, recession, Springfield, tax burden

Indiana is building far more single-family homes than Illinois

By Austin Berg
01/03/2020
The historic change comes as skyrocketing property tax bills eat into Illinois homeowners’ bottom line.

TAGS: constitutional amendment, home values, homeownership, Illinois, Illinois Constitution, Illinois General Assembly, Indiana, JB Pritzker, pension costs, pension reform, population, population loss, property taxes, single-family home, Springfield, state constitution, tax burden, tax hikes, tax increase, U.S. Census Bureau, working-age

Illinois saw nation’s worst population loss during the decade

By Orphe Divounguy, Bryce Hill
12/30/2019
Illinois suffered its sixth consecutive year of population decline in 2019, driven entirely by residents leaving for other states.

TAGS: 401(k), debt, fiscal, flat tax, general revenue fund, Great Recession, high taxes, Illinois, Illinois Constitution, Illinois General Assembly, JB Pritzker, job creation, jobs growth, labor force, Mike Madigan, outmigration, pension debt, pension reform, population, population loss, revenue, shrink, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, working-age

Up to 140,000 able-bodied Illinoisans may need jobs to get food stamps in 2020

By Vincent Caruso
12/05/2019
Just Cook County food stamp recipients were facing work requirements Jan. 1 if they were under age 50, able-bodied and had no dependents. Now the rules will apply throughout Illinois starting April 1.

TAGS: criminal justice reform, Donald Trump, food stamps, Foundation for Government Accountability, Illinois, Illinois General Assembly, job creation, jobs, jobs growth, labor force participation rate, Michigan, National Conference of State Legislatures, over-regulation, regulation, regulations, small business, SNAP, Springfield, tax burden, unemployment, West Virginia, Wisconsin

A decade after recession, Illinois’ construction industry is ice cold

By Austin Berg
12/05/2019
Why is Illinois construction so weak? As it turns out, big government programs can’t paper over weak fundamentals.

TAGS: Bureau of Economic Analysis, construction, Erin Guthrie, gas tax, Great Recession, Illinois General Assembly, JB Pritzker, Luis Arroyo, Martin Sandoval, minimum wage, outmigration, Pat Quinn, pension crisis, progressive income tax, property taxes, Springfield, U.S. Census Bureau

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