Manufacturing weakness driving Illinois unemployment up; dropout and out-migration driving unemployment down.
Illinois’ preliminary jobs report shows the unemployment rate dropped to 5.8 percent in July due to large numbers of residents dropping out of the labor force for the third consecutive month.
Illinois’ weak manufacturing recovery from the Great Recession has led to the Land of Lincoln’s having the worst unemployment rate among nearby and neighboring Rust Belt states.
Illinois’ slow economic growth, made worse by out-migration, needs to be addressed in order to tackle the state’s budgetary problems.
Illinois physicians in the workers’ compensation system are allowed to sell “repackaged” pills directly to patients at huge markups, averaging between 60 and 300 percent.
Illinois’ July WARN report marks a 59% increase in layoffs from June’s numbers, as well as an uptick in manufacturing job losses.
Illinois House Speaker Mike Madigan criticizes Gov. Bruce Rauner’s economic reform ideas and offers only growth-killing tax hikes for Illinoisans in need of better jobs and income.
A new study by The Pew Charitable Trusts shows Illinois trails all states but Nevada in personal income growth since the Great Recession, with a growth rate half that of Illinois’ neighbors.
Less than half of Illinois households are defined as middle class.
While neighboring states are making themselves friendlier for farmers, Illinois keeps its unfair death tax in place.
Uniquely burdensome taxes and fees make Illinois unfriendly to entrepreneurs, and drive businesses and families out of state.
The month of June saw Illinois continue to lose jobs, as the state’s long-term economic woes continue to push workers out of the state.
Moline, Ill.-based agricultural equipment maker will cut more than 100 jobs by September; Illinois’ manufacturing workers continue to struggle for job opportunities enjoyed by their counterparts in the region.
Illinois lost 2,200 jobs in June, and its unemployment rate dropped to 6.2 percent as more Illinoisans exited the labor force.