Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
Bans on indoor dining and bar service continue to hurt Illinois jobs numbers, placing the state low in a national recovery ranking.
COVID-19 showed everyone the heroes in health care and essential services, but it also exposed weak character or bad behavior of many in Illinois government.
Illinois’ jobs numbers have slipped for the second time in the past three months as the rest of the nation steadily recovers.
New unemployment claims are rising in Illinois, hitting 142,745 last week as COVID-19 restrictions continue.
Jobs data is giving the illusion of economic recovery in Illinois. The reality is 107,530 workers gave up their job searches, and new COVID-19 lockdowns can only hurt more workers.
The Illinois Department of Employment Security troubles included scores of unemployed unable to get benefits, nearly 32,500 Social Security numbers exposed and now benefits theft. A simple fix used by many online retailers could have prevented the thefts.
IDES estimated unemployment rate remains artificially low because it fails to count nearly 238,000 Illinoisans who have given up trying to find a job.
Illinois is the largest state without a short-time compensation plan, increasing the chances nearly 32,000 job losses will be permanent.
Data published last week by the Bureau of Economic Analysis revealed that U.S. gross domestic product shrank at an annualized rate of -32.9% during the second quarter.
Most other states have recouped more of their February-April job losses from the pandemic shutdowns than Illinois.