Jobs + Growth

Recession-era job losses

Recession-era job losses

Some sectors of Illinois' economy have recovered completely, while others remain dramatically below pre recession levels.

7 of 10 Illinois metro areas are not recovering at all

7 of 10 Illinois metro areas are not recovering at all

Unemployment rates fell for most of Illinois’ metropolitan statistical areas in September, according to a press release from the Bureau of Labor Statistics. However, seven out of 10 Illinois metro areas are not showing any signs of an economic recovery when it comes to putting people back to work. Champaign, Chicago and Springfield are showing...

By Michael Lucci

Three small changes for a better food-truck policy

Three small changes for a better food-truck policy

It’s been two years since Chicago last updated its food-truck regulations to allow vendors to prepare food onboard. This was a significant improvement, but there are still some important changes the city can and should make to better respect food-truck owners’ rights and improve food options for residents across the city. Here are three modest...

By Bryant Jackson-Green

Illinois’ ‘temporary’ 2011 tax hike breaks household budgets

Illinois’ ‘temporary’ 2011 tax hike breaks household budgets

Illinois’ “temporary” 2011 tax hike made the state’s slow recovery even worse. The tax hikes hit at the worst possible time – right after household incomes had collapsed during the recession. Since the tax hikes, the monthly growth in the number of people working in Illinois has slowed down by 60 percent, while the monthly...

By illinoispolicy

Illinois’ true unemployment rate: 18.1 percent

Illinois’ true unemployment rate: 18.1 percent

The unemployment rate is a state’s most closely monitored indicator of economic health. The Illinois unemployment rate rose sharply through the Great Recession, and continues to fluctuate and trend downward as a result of both economic growth and a shrinking workforce. Illinois’ working-age adult population, from which the workforce is drawn, has grown by nearly...

By Michael Lucci

Manufacturing a comeback

Manufacturing a comeback

Illinois’ economy needs a real comeback to get the state back to work. To address what is needed for a sustainable recovery, policymakers should look at one of Illinois’ primary pain points: the manufacturing sector. The recession caused Illinois to lose 116,800 manufacturing jobs from January 2008-January 2010. After that, Illinois began a weak manufacturing...

By Michael Lucci

Illinois payrolls increase, manufacturing declines

Illinois payrolls increase, manufacturing declines

The Illinois unemployment rate fell to 6.6 percent from 6.7 percent in September, according to today’s economic release from the Bureau of Labor Statistics. The number of payroll jobs in Illinois increased by 19,300 in September, the sixth-best monthly increase in the last 10 years. Illinois’ workforce grew by 5,800 in September, the first month...

By Michael Lucci