Illinois households that moved out of state earned $19,600 more, on average, than those who moved in during the 2014-2015 tax year.View Report
Illinois lost 10,800 jobs on net over the month, and the state continues to experience labor force dropout.
A factory expected to employ 4,000 workers will not be coming to Illinois. Intersect Illinois cites the lack of a statewide Right-to-Work law and a dearth of shovel-ready sites as the main culprits.
The jobs will be a combination of new hires and transferred workers from Walgreen’s headquarters in Deerfield, Illinois.
Under its agreement with the state of Illinois, the candy company Haribo of America will bring 25 new jobs to its Rosemont headquarters by October 2018, followed by another 30 by October 2021.
Illinois’ August metro jobs report came amid long-term trends of sluggish jobs growth.
Illinois will need more foreign investment, and major reforms to the state’s business climate, in order to get off the weak economic path it now treads.
A controversial but politically popular tax credit program will be extended until June 2022 under a bill signed by Gov. Bruce Rauner.
The state’s August jobs numbers were poor across the board, but especially sobering for manufacturing.
Amazon’s plans to hire 50,000 workers at the new headquarters would single-handedly shift the city and state’s economic landscape.
Until Illinois lawmakers get serious about economic growth, don’t expect the state’s jobs trend to get off the depressing path it’s been treading for years.