Without property and income tax relief, housing in Illinois will continue to be less attractive, Illinois’ population is likely to continue its decline and housing price appreciation can be expected to continue to lag the rest of the nation.View Report
Illinois experienced its sixth consecutive month of jobs growth in July, yet continues to trail the pace of growth in the rest of the nation for 2018.
Illinois added 18,100 new jobs in June, the highest monthly increase since summer 2017, but the Prairie State still lags behind the rest of the nation for the post-recession period.
Illinois’ jobs situation improved in May, but the state needs long-term solutions such as a spending cap to get on a path to fiscal health and assure investors more tax hikes are not on the horizon.
Seven metro areas across the state lost jobs over the month.
The state also saw a drop in the unemployment rate, but it wasn’t because people found jobs.
While Illinois outperformed the nation in terms of monthly employment growth for the first time since September 2017, Illinois payrolls have only increased half as fast as the rest of the nation in the past year.
Despite healthy jobs growth nationally, Illinoisans are desperate for work.
New state data shed a light on weak economic growth in metro areas across Illinois.
Decatur is the fastest-shrinking city in the state since 2010, and saw some of the heaviest jobs losses among metro areas in 2017.
The Land of Lincoln is experiencing weak employment growth and a workforce dropout problem.