Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Record job losses hit the state during the first full month of COVID-19 economic fallout.
Business sectors directly affected by the coronavirus and mitigation employ 1.5 million Illinoisans. The longer the shutdown, the more industries and jobs face cuts.
New data show Illinois lost private sector jobs amid a national economic expansion for the first year on record in 2019, a sign of the state’s deep structural problems in the run-up to the current market downturn.
Despite Gov. J.B. Pritzker touting growth in “every major region,” Illinois shed jobs in three metropolitan areas and lagged the national average in seven more.
Illinois job creation lagged the national median in nearly every sector.
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.
Most new jobs in Illinois are created by small businesses, yet state leaders are asking voters to hurt them by raising taxes on these employment dynamos.
While a majority of Illinois’ metro areas experienced expanding payrolls in September, metro areas only gained 800 jobs on net.
Since December 2017, the rest of the U.S. has expanded payrolls 80 percent faster than Illinois.
Illinois experienced net job losses in August, while the rest of the nation saw continued growth on average.