Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
While Illinois claws back jobs from the COVID-19 associated downturn, in-depth analysis shows why the state is struggling more than most other states’ economies.
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.
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.
COVID-19 and associated government lockdowns disproportionately harmed women with children at home.
The state and most of its urban areas are failing to get residents back to work at rates matching the national average.
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.
27,412 loans for at least $150K were made in Illinois through the Payroll Protection Program. See who got what.
Census data shows who is fleeing Illinoisans and why. Here’s why you should care.
Unemployment claims remain five times higher than normal, but the nation’s second-harshest restaurant restrictions have hit that job sector hardest.