Illinois’ less-populated areas lead May jobs decline
Illinois’ less-populated areas lead May jobs decline
Illinois shed 7,900 jobs in May but most of those losses were outside of urban areas.
Illinois shed 7,900 jobs in May but most of those losses were outside of urban areas.
Illinois lost jobs in May as the state’s workers found themselves facing a tougher job hunt than workers in other states.
State lawmakers passed a bill allowing local governments to waive licensing fees and registration costs for businesses harmed by the COVID-19 pandemic, but it won’t spare them from state taxes.
Historic unemployment payouts related to the COVID-19 shutdowns left Illinois’ fund billions in the hole. State leaders did nothing to fix it, meaning there could be reduced benefits for the unemployed or higher taxes on employers trying to recover.
Illinois saw six of 11 major industries shrink payrolls in May as the nation continued to regain jobs lost during the COVID-19 recession.
Eight of 13 Illinois-based metro areas lost jobs in April.
Illinois was among the nation’s worst for delays in helping gig workers and the self-employed receive pandemic assistance unemployment payments, a federal audit found. Rampant fraud and inadequate reporting was also discovered nationwide.
A Chicago alderman wants to cap ride-share prices during peak demand. But price controls could leave more riders stranded if extra drivers are no longer attracted by extra cash.
The hospitality industry’s heavy losses during COVID-19 are still being felt, with one McDonald’s offering iPhones to lure recruits. Half the states trimmed unemployment to get workers back, but Pritzker’s message to struggling businesses is they should pay $1.5 billion in new taxes.
Census estimates predict nearly all Illinois municipalities shed population last year, with a greater share of large communities being affected.
Job losses peaked in April 2020 amid COVID-19 and state-mandated shutdowns. In the year-long recovery since, Illinois’ has been among the nation’s slowest.
While total payrolls were up 300, private sector jobs took a beating in April and lost 4,000 positions. Illinois’ labor market completely stalled as the national economic recovery slowed.
Each of Illinois’ metropolitan areas got smaller from July 2019-July 2020, census estimates showed.
Census estimates tallied population decline in 98 of Illinois’ 102 counties. Only Los Angeles County lost more people than Cook County last year.