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.
Slowest-growing states have progressive income taxes
Fewer people want to live in states with progressive income taxes. So after 6 straight years of population loss, why would Illinois want to join them?
Illinois home price growth slowest in nation last year
Home price appreciation in Illinois was the slowest in the U.S. between the third quarter of 2018 and the third quarter of 2019, federal data showed.
Chicago area up 241K jobs, rest of Illinois down 41K jobs from before recession
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.
Indiana has seen more single-family homes than Illinois for 10 years in a row
Indiana has around half the population of Illinois. But its building new homes at a rate more than 60% higher.
Illinois personal income growth 2nd lowest in U.S. since Great Recession
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.
Illinois saw nation’s worst population loss during the decade
Illinois suffered its sixth consecutive year of population decline in 2019, driven entirely by residents leaving for other states.
A decade after recession, Illinois’ construction industry is ice cold
Why is Illinois construction so weak? As it turns out, big government programs can’t paper over weak fundamentals.
As nation celebrates small businesses, Illinois considers taxing them more
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.
What goes up must come down: Why Illinois is ill-prepared for the next recession
Poor public policy and inefficient government mean Illinois will struggle to provide relief for residents in need during the next downturn.