Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Unemployment claims spiked this week as Illinois Gov. J.B. Pritzker ordered bars and restaurants to halt dine-in service, the service industry took major hits and large gatherings were banned to curb the COVID-19 pandemic.
Progressive income tax would essentially wipe out all 2019 employment gains in Illinois, and then some.
Amazon bought the old commercial property, but Bolingbrook’s mayor opposes putting 1,500 jobs on it. Illinois’ job growth was below the national average in 2019.
Despite Gov. J.B. Pritzker touting growth in “every major region,” Illinois shed jobs in three metropolitan areas and lagged the national average in seven more.
A proposal in the Illinois General Assembly would prohibit right-to-work laws in Illinois, making Illinois the only state in the nation to ban the policy in a state constitution.
Robust growth in government spending has failed to yield similar results for Illinoisans’ incomes
Illinois job creation lagged the national median in nearly every sector.
Just Cook County food stamp recipients were facing work requirements Jan. 1 if they were under age 50, able-bodied and had no dependents. Now the rules will apply throughout Illinois starting April 1.
Illinois’ unemployment rate hit 3.9% in September – the first time in decades that the jobless rate went under 4%, according to data from the U.S. Bureau of Labor Statistics.
Illinois has a higher percentage of its residents on food stamps than its neighboring states, and has seen a much slower decline in food stamp recipients following the recession.