Thanksgiving will come from SNAP benefits for 1 in 6 Illinoisans this year. That is the nation’s sixth-highest rate, with inflation and a recession looming.
A survey found 37% of U.S. small businesses were delinquent on October rent, with inflation and rising costs absorbing “most sales gains.”
During the past five years, Illinois’ business tax climate has gotten worse while all neighboring states improved or held steady. Six companies this year said they are relocating, and the exodus may not be over.
Illinois added 14,900 jobs in September, but its unemployment rate was the highest in the nation. Inflation and growing recession fears could hit the state harder than most.
Chicago has lost three Fortune 500 headquarters in 2022. McDonald’s could be the next to leave. Amendment 1 could make it more likely.
Tyson Foods is relocating 500 employees from Chicago and Downers Grove offices to the corporate headquarters in Arkansas. The meat processor is the sixth company to leave Illinois this year.
FTX CEO Sam Bankman-Fried announced the cryptocurrency exchange is moving its U.S. headquarters to Miami. It’s the fifth major company to relocate its headquarters out of Illinois this year.
The latest job numbers show Illinois continues struggling to recover pandemic job losses, a bad sign for its lagging economy as recession fears rise.
A new report predicts legalized internet gambling would generate $273.3 million a year in new revenue for Illinois. A safer bet for Illinois’ state workers would be constitutional pension reform.
Gov. J.B. Pritzker is claiming his administration has fought for Illinois families. Since Pritzker took office, Illinois’ unemployment rate is worse compared to other states.
Illinois saw a significant slowdown in employment growth during August. The state is still missing 80,700 jobs from the pandemic.
“I’m a restaurant owner, and an immigrant. Serving food to my community is my American Dream come true.” “Thanks to our customers and friends, our family business survived the pandemic.” “We were doing great recovering until last November when this inflation started and since then everything has been up from 60% to 100%. I see...
Illinois ranked No. 2 in the nation for number of small businesses planning to lay off employees in the coming months. A majority of entrepreneurs have already put a freeze on new hires. Amendment 1 threatens Illinois’ business climate even more.
Portillo’s CEO Michael Osanloo said the Illinois-based chain is looking to expand in states more friendly to businesses.