Jobs + Growth

Illinois among worst-prepared in nation to weather next recession

Illinois among worst-prepared in nation to weather next recession

Illinois lawmakers and Gov. J.B. Pritzker reached a deal to pay off $1.8 billion borrowed from the federal government for unemployment benefits during the COVID-19 pandemic. It’s a positive step, but the state remains ill-prepared for the next economic shock.

By Justin Carlson

Fed: Illinois unemployment rate 2nd-highest in nation

Fed: Illinois unemployment rate 2nd-highest in nation

Analysis from the Federal Reserve Bank of Philadelphia indicates Illinois lost jobs during Q2 rather than gaining, as previously reported. It may still be losing jobs. Illinois ranked No. 2 for highest unemployment in November.

By Justin Carlson