The 2011 tax hikes cost the state economy $55.8 billion in real GDP from 2012-2016.View Report
The September metro jobs report follows statewide numbers that showed one of the worst months for payroll jobs since the Great Recession.
Until Illinois lawmakers get serious about economic growth, don’t expect the state’s jobs trend to get off the depressing path it’s been treading for years.
Illinois has been lagging behind the rest of the region over the last decade, and will continue to do so if the state doesn’t enact necessary economic reforms.
New Bureau of Labor Statistics data show Illinois’ black residents have an unemployment rate of 12.7 percent, more than double the state’s overall rate.
Illinois saw a 0.23 percent increase in jobs in the first quarter of 2017, the third-worst growth rate in the region.
There are 170,000 fewer people working in Illinois since before the Great Recession.
In the last decade, Illinois’ economy and the economies of neighboring states have gone in opposite directions, with more people now working in Wisconsin and Indiana combined.
Newly released Illinois jobs report points to anemic jobs growth and a contracting labor force.
Illinois had the highest black unemployment rate of any state at the end of 2016, holding that distinction for six consecutive quarters, according to analysis by the Economic Policy Institute. The Land of Lincoln also has the largest gap between its white and black unemployment rates.
New Illinois jobs data reveal a state with thousands of job losses, unemployment rising to 5.7 percent, a collapsing manufacturing sector, and several downstate communities sliding back into recession — all of which make the Illinois Senate’s new tax hike proposal especially harmful.