IRS: Illinois led nation in rate of income loss in 2023
IRS: Illinois led nation in rate of income loss in 2023
The state lost a bigger share per resident moving out than anywhere else in the country, according to IRS data.
Highest-earning Illinoisans fleeing state at fastest rate
Highest-earning Illinoisans fleeing state at fastest rate
Residents of all age and income groups move out, but those making over $200,000 lead the departures.
IRS: Illinois lost $6 billion to outmigration in 2023
IRS: Illinois lost $6 billion to outmigration in 2023
A net of nearly 56,000 people and $6 billion in income left the state in 2023, according to IRS data.
Illinois income growth lags U.S. under Pritzker
Illinois income growth lags U.S. under Pritzker
State residents earn more than they did in 2019 but are falling behind the rest of the country while the tax burden drives out businesses.
Illinois posted slow job growth last year
Illinois posted slow job growth last year
The state’s unemployment rate is near the top nationwide
March mass layoffs hit Cook County hardest
March mass layoffs hit Cook County hardest
Nearly 1,100 cuts were reported statewide in a range of industries.
Illinois economy shows middling Q4 growth amid U.S. economic uncertainty
Illinois economy shows middling Q4 growth amid U.S. economic uncertainty
The state outpaced national growth for just the fifth time in the past 20 quarters. Long-term growth still shows worrying signs.
Illinois can expand opportunity with apprenticeship bill
Illinois can expand opportunity with apprenticeship bill
A measure in the General Assembly would permit cosmetology and barber apprenticeships as a pathway to a license.
More than half of Illinois counties suffer outmigration
More than half of Illinois counties suffer outmigration
Residents are leaving every corner of Illinois for other states despite surging international migration propping up the total population.
A recession would quickly sink Illinois’ unemployment insurance fund
A recession would quickly sink Illinois’ unemployment insurance fund
State unemployment insurance could withstand less than three months in an economic downturn. The taxes that support the fund are among the highest in the country.
Illinois near the bottom for entrepreneurship and growth
Illinois near the bottom for entrepreneurship and growth
High taxes and burdensome regulation are major factors in the state’s low ranking.
Manufacturing layoffs drive Illinois job cuts in February
Manufacturing layoffs drive Illinois job cuts in February
Virtually all of over 1,900 health care workers will get the opportunity to join a new employer.
Population loss, aging workforce threaten Illinois economy
Population loss, aging workforce threaten Illinois economy
Sluggish growth, continued outmigration and demographic challenges are projected to continue, according to Moody’s Analytics.
Pritzker doubles down on clean-energy expansion
Pritzker doubles down on clean-energy expansion
The governor talks about more subsidies and more government involvement to promote his energy agenda, which includes supporting nuclear expansion.