Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
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.
Illinois lost 12,000 jobs in September and is home to the highest unemployment rate in the Midwest. Gov. J.B. Pritzker’s “fair tax” proposal would worsen the state’s jobs climate even more.
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.