Illinois is ready to boom. That is the single most important fact about Illinois’ jobs climate and economy as a whole. However, Illinoisans have been held back by policy errors that have plagued the state for decades, especially since the Great Recession. Policy errors are causing tremendous pain for Illinoisans, but that pain can be...
From the beginning of the Great Recession in January 2008 through August 2014, Illinois is still down 157,100 payroll jobs, more than any other state in the U.S. Some sectors of Illinois’ economy have recovered completely, while others remain dramatically below pre-recession levels. Manufacturing and construction have had it the worst through the recession era,...
On Sep. 30, Chicago Mayor Rahm Emanuel’s office announced the “2014 Taxi Driver Fairness Reforms,” which purport to be major improvements that “[put] thousands of dollars back into [Chicago taxi drivers’] pockets” and “[cut] bureaucratic red tape” these drivers have to navigate. The reforms, some of which will need to be passed in a new...
Small businesses and innovators are the lifeblood of any economy, and Illinois needs reform to encourage them to locate in Illinois. Small businesses are responsible for two-thirds of all new jobs created in the last 20 years. The disincentives for entrepreneurs to locate in Illinois are systemic, and thus require systemic solutions. An agenda for...
Four months ago, Chicago passed an ordinance regulating the city’s burgeoning pedicab industry. What’s been the effect so far? By many accounts, business has taken a major hit. Before the ordinance, it was estimated that Chicago had as many as 400 pedicabs operating throughout the city. But since the ordinance took effect, the city has...
Nearly 600 Illinois workers will be laid off come 2015, according to notices filed in accordance with the Workers Adjustment and Retraining Notification Act, or WARN. Among the layoffs – which include 123 workers at Dixon, Illinois-based Anchor Coupling Inc.; 82 workers at plastics products-maker Pp Il LLC; and 58 workers at Jim’s Formal Wear,...
The Great Recession knocked 500,000 Illinoisans out of work from January 2008 to November 2009, according to the Bureau of Labor Statistics’ household survey. And since then, only 200,000 Illinoisans have gone back to work. This stands as one of the country’s slowest recoveries. As a result, Illinois has 300,000 fewer people working today than...
Denial— a failure to acknowledge an unacceptable truth or emotion or to admit it into your consciousness, used as a defense mechanism. Illinois’ Senate Democrats launched a website called “I Like Illinois.” The explicit purpose of the site, according to their tweets, is to “counter negativity of Illinois Policy Institute.” This purpose is ironic, given...
The U.S. hit a major milestone in September. According to the Bureau of Labor Statistics household survey, the number of Americans working has finally surpassed pre-recession levels. In addition, the national jobless rate fell to 5.9 percent to 6.1 percent. The number of Illinoisans working, however, is far from recovery. There are now 220,000 more...
Though unemployment rates fell in August for Illinois’ major metropolitan areas, 19,000 workers dropped out of the workforce, according to the Bureau of Labor Statistics. Because of these dropouts, the workforce shrank in every metropolitan statistical area, or MSA, except Champaign-Urbana. Workforce dropouts drive down the unemployment rate because unemployed workers who leave the workforce...
Since the Great Recession ended, Illinois’ food-stamp enrollment has outpaced job creation by a ratio of nearly 2-to-1. The jobs versus food stamps comparison is a strong indicator of economic hardship. And compared to the rest of the Midwest, Illinoisans are truly feeling the pain. Since the Great Recession ended, Illinois is the only state...
This article was written by Satta Sarmah and featured in Fast Company on September 26, 2014. When 30-year-old Chicago native Sheyla Jarocz talks about how a brick and mortar storefront survives in the city’s North Center neighborhood, it sounds like a lonely mission. “I’ve tried to do promotions with nearby businesses,” said Jarocz, who opened Maash Boutique two years...
The effects of the Great Recession still linger in Illinois, the pain of which has been distributed unevenly. Youth and minority workers have been hurt most by the state’s ongoing policy errors. The Great Recession caused employment losses across all demographic groups. Illinois’ policy mistakes and weak recovery – the worst in the U.S. –...
A day after the Illinois Department of Employment Security reported that Illinois’ workforce shrank by 19,000 people in August, driving Illinois’ labor-force participation rate to a new 35-year low, new data from the Bureau of Labor Statistics confirms the severity of the state’s labor-force dropout crisis. The labor-force participation rate measures the share of Illinois’...