Pension costs for state government workers reached an all-time high in 2016, consuming 25 percent of the state’s general budget.1 Today, more than $8 billion of the state’s yearly $32 billion budget goes to pay for pension costs, sapping tremendous amounts of money from social services for the developmentally disabled, grants for low-income college students, and aid to home...View Report
Illinois used to gain net population from Michigan, but data for recent years indicate that Michigan now gains more residents on net from Illinois.
Newly released Illinois jobs report points to anemic jobs growth and a contracting labor force.
The car manufacturer is going to bring more than 1,000 jobs to Normal, Ill., after being offered $49.5 million in state tax credits and more in local tax credits and abatements.
February saw the worst WARN report in seven months, with nearly 250 of the jobs lost coming from the manufacturing sector.
Illinois had the highest black unemployment rate of any state at the end of 2016, holding that distinction for six consecutive quarters, according to analysis by the Economic Policy Institute. The Land of Lincoln also has the largest gap between its white and black unemployment rates.
Numbers from the January 2017 Illinois WARN report show most of the mass layoffs were in the service industry.
Illinois continues to have the worst jobs growth in the region, and tax hikes will only make matters worse.
Missouri has become the 28th state to enact Right to Work, causing Illinois’ regional competitiveness to decline further.
With Peoria and downstate reeling, the Caterpillar move comes at a time of persistent disinvestment in Illinois manufacturing.
Illinois lost 11,000 manufacturing jobs in 2016.