A recent Gallup poll found residents in states with higher tax burdens are more likely to want to move. Illinoisans are the third-most-likely to say they would prefer to move permanently to another state.
While Illinoisans’ incomes have flatlined since the recession, state tax revenue has grown by more than that in almost every state in the nation.
Illinois politicians ignored Caterpillar CEO Doug Oberhelman’s 2012 plea for pro-growth reforms, and Illinois is the only state in the region to have lost manufacturing jobs on net over the last four years.
“I’m really proud of this business, but everyone [in Chicago] is looking for a way out. Most startups can do their work effectively almost anywhere. “We’re not rich by any stretch of the imagination. And Chicago just makes it hard for us to grow because we’re spending [money] on stupid stuff. All it means to...
Employers in Illinois filed notice with the state in January of hundreds of layoffs.
From the first quarter of 2001 until the second quarter of 2015, business establishment growth has been 34 percent while jobs growth has been only 1 percent.
“I’m 96 years old. Would you believe it? “This will tell you how old I am: I was one of the first black machinists in Chicago … I mopped floors at a canning company, and the owner’s son was a really nice guy. He taught me how to use a drill press in secret. No...
Illinois’ weak jobs growth is driving more residents to other states on net than Illinois gains from other states, from natural growth in births or from international immigration.
Federal data show how Illinois workers suffer under their state’s anti-manufacturing status quo.
Caterpillar Inc.’s announcement of 670 layoffs comes amid the loss of a quarter of the manufacturing jobs in Peoria and Tazewell counties since 2008.
Chicago’s many bureaucratic barriers to starting a business shield established businesses from competition and keep low-income entrepreneurs from getting ahead.
The East Peoria, Ill., plant will be the hardest hit, losing 230 jobs for office and production workers. As neighboring states grow factory work, Illinois is approaching an all-time low for manufacturing jobs.
Unlike Illinois, Pennsylvania has actually recovered the number of jobs it lost during the Great Recession, and now has 40,000 more jobs than it had at its pre-recession peak. Illinois, on the other hand, still has 90,000 fewer jobs than it had before the recession, the worst jobs recovery in the U.S.
Illinois lost 3,000 jobs on net in 2015, while other neighboring and Great Lakes manufacturing states all gained tens of thousands of jobs on net for the year.