Illinois’ preliminary jobs report shows the unemployment rate dropped to 5.8 percent in July due to large numbers of residents dropping out of the labor force for the third consecutive month.
Illinois House Speaker Mike Madigan criticizes Gov. Bruce Rauner’s economic reform ideas and offers only growth-killing tax hikes for Illinoisans in need of better jobs and income.
A new study by The Pew Charitable Trusts shows Illinois trails all states but Nevada in personal income growth since the Great Recession, with a growth rate half that of Illinois’ neighbors.
Moline, Ill.-based agricultural equipment maker will cut more than 100 jobs by September; Illinois’ manufacturing workers continue to struggle for job opportunities enjoyed by their counterparts in the region.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.