Cook and Lake counties had the greatest number of mass layoffs in April 2017, with most of the jobs lost coming from the service and hospitality sectors.
Since Mayor Rahm Emanuel took office in 2011, aldermen have been on the defensive regarding their power. The latest attempt to retain some of that power is taking place along a stretch of 71st Street in the 5th Ward.
Companies have announced billions in new business investment in Kentucky a few months after the state passed key economic reforms. Illinois lawmakers should take note.
The state agreed to the tax credits in exchange for Capital One hiring 210 new employees and retaining 900.
Illinois’ EDGE tax credit program expired April 30; however, proponents of EDGE have passed a one-month extension in the Illinois House of Representatives.
Illinois saw a 0.23 percent increase in jobs in the first quarter of 2017, the third-worst growth rate in the region.
Illinois lost jobs across several industries including construction, manufacturing, and professional and business services. The only employment category to see significant growth was leisure and hospitality.
Insurance premiums cost 20 percent of payroll for concrete construction workers in Illinois.
The average income of taxpayers who leave Illinois is $20,000 more than the taxpayers who arrive here.
The industry giant’s move comes amid continued disinvestment in Illinois manufacturing.
The legislation would prohibit airlines from “involuntarily removing” seated passengers, and the state from doing business with airlines that do.
In exchange for more than $112 million in tax breaks, Amazon promised to expand its Illinois operations and hire 7,200 new employees in Aurora, Monee and Joliet.
Fifteen counties in the southernmost part of Illinois lost population from July 2015 to July 2016, fueled by significant domestic migration.
Instead of spending time on economic reforms, politicians crafted a bill that would apply new rules and regulations on trampoline safety that would add thousands of dollars in costs for equipment, travel and overtime for inspections.