Jobs + Growth

May jobs report: Illinois loses 2,500 payroll jobs, workforce shrinks by 9,100

May jobs report: Illinois loses 2,500 payroll jobs, workforce shrinks by 9,100

Weak jobs numbers across the Midwest reflect the possibility of an oncoming economic slowdown. In fact, it would not be surprising to face a recession in the upcoming months, given that U.S. jobs growth has been weakening, and it has been seven years since the previous recession ended – a long period of expansion by historical norms.

By Michael Lucci

Bob Anderson

Bob Anderson

“I started my barbershop in 1962. I’ve been cutting some customers’ hair for over 50 years. “When I started there were a lot of German immigrants who were buying small summer homes here. And this is where they retired. Now those same people come into the shop and all they talk about is their property-tax...

Illinois employers announce 1,300 layoffs in May

Illinois employers announce 1,300 layoffs in May

The most recent Illinois WARN report shows 1,300 mass layoffs in May, including 513 layoffs in the manufacturing sector, up from 450 large-scale layoffs and six manufacturing layoffs in April.

Against Illinois’ tax breaks for Amazon? Fix the state’s broken workers’ compensation system

Against Illinois’ tax breaks for Amazon? Fix the state’s broken workers’ compensation system

There’s a reason new facilities aren’t being built in Illinois: In too many cases a business investment in Illinois doesn’t make financial sense unless Illinois taxpayers are paying for a chunk of the project. This system isn’t good for businesses, or for workers and unions that are losing jobs. Until Illinois makes the broad tax and regulatory reforms needed to compete for blue-collar jobs, businesses are going to keep expanding elsewhere or asking for tax breaks to come here.

By Michael Lucci