Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
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.
Continued unemployment claims in Illinois remain virtually unchanged since mid-April. Other states are getting back to work.
The Illinois Department of Employment Security has been under fire throughout the COVID-19 pandemic as millions waited for unemployment relief.
The most optimistic forecast shows 20% of Illinois’ food service business closures will be permanent. But up to 85% of restaurants expect to close permanently.
Unemployment claims remain five times higher than normal, but the nation’s second-harshest restaurant restrictions have hit that job sector hardest.
The contractor who revamped Illinois’ unemployment system to handle self-employed workers is being sued. One of the nearly 32,500 applicants who had private information exposed said it was used to access her bank account.