Portillo’s expanding in states with better economies than Illinois

By Dylan Sharkey

08/29/2022

Portillo’s CEO Michael Osanloo said the Illinois-based chain is looking to expand in states more friendly to businesses.

TAGS: economy, jobs

Fact check: Illinois’ economic recovery under Pritzker among worst in nation

By Dylan Sharkey

08/02/2022

Gov. J.B. Pritzker’s newest campaign ad credits him with fixing state finances and boasts of Illinois’ job growth. Both are among the worst in the nation.

TAGS: Caterpillar, Citadel, economic growth, economic recovery, economy, JB Pritzker

New minimum wages in effect July 1 for Chicago, Cook County

By Dylan Sharkey

07/01/2022

Minimum wages for Chicago and Cook County are increasing July 1. Inflation has rapidly outpaced wage growth, cutting the average Illinoisan’s pay by $2,200.

TAGS: Chicago, Cook County, economy, inflation, minimum wage

Cooling down an overheated US economy doesn’t have to be painful

By Orphe Divounguy

06/03/2022

As jobs growth and wage growth show signs of slowing, tax and regulatory changes could help prevent economic pain.

TAGS: economy, Federal Reserve, Illinois, inflation

Illinois sees among worst spending drops early in COVID-19 pandemic

By Jon Josko

01/04/2022

While the start of the COVID-19 pandemic caused consumer spending to drop across the U.S., the decline was worse in Illinois. Gov. J.B. Pritzker’s harsher restrictions appear to be the culprit.

TAGS: COVID-19, economy, expenditures, Illinois, restrictions

Illinois among 20 states dragging down U.S. economic recovery

By Orphe Divounguy

12/03/2021

The pandemic caused the largest and shortest economic contraction in U.S. history. But as other states recovered, Illinois’ economy remained $17 billion below the pre-pandemic trend through the first half of 2021.

TAGS: COVID-19, economy, Illinois

Women driving Illinois’ labor market recovery

By Orphe Divounguy

11/22/2021

Illinois’ labor market has heated up, gaining 40,900 jobs in October. It was the largest increase in 2021 as women, especially minority women, returned to work

TAGS: COVID-19, economy, Illinois, labor force participation rate

79,000 more Illinoisans are in poverty because state can’t fix its culture of corruption

By Orphe Divounguy

05/12/2021

If Illinois could have reduced corruption to the national average, an estimated 79,000 fewer people would be living in poverty, according to an analysis by the Illinois Policy Institute. State lawmakers can help by passing ethics reforms.

TAGS: corruption, economy, ethics reform, Illinois, income inequality, poverty

Illinois’ economy stuck trying to get through Pritzker’s COVID-19 ‘bridge phase’

By Hilary Gowins

04/29/2021

Gov. J.B. Pritzker said Illinois is close to starting the extra ‘bridge phase’ of mandates he added in March, but over a year into his COVID-19 restrictions it is another barricade to the state’s economy. States with fewer limits are seeing bigger declines in infections.

TAGS: COVID-19, economy, JB Pritzker, reopen, restrictions

Report: Illinois fiscal health again 2nd worst in U.S.

09/22/2020

Each Illinois taxpayers owes $52,000, thanks to politicians spending more than they already take in. On Nov. 3 taxpayers will be asked for even more.

TAGS: debt, economy, JB Pritzker, pensions

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension costs, including pension bond...

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Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

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Susie Warden

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students