Key indicators show Illinois’ labor market could begin adding jobs faster than the national economy if population decline and Amendment 1 don’t derail the state’s trajectory.
Illinois’ employment recovery continued in March, but the state is still missing one in five jobs lost during the COVID-19 pandemic’s economic downturn and state restrictions.
Illinois is still missing 77,000 jobs from its restaurants, bars, hotels and other leisure industries since COVID-19 shutdowns. That Illinois jobs sector has recovered only 72% of what it lost in the pandemic – one of the nation’s worst recoveries.
Bloomington is the only metro area to recover jobs lost during the COVID-19 pandemic and statewide mandated shutdowns. Illinois is still missing 200,100 jobs as of January 2020.
Although Hispanics were one of the groups hardest hit by pandemic-related job losses, 85,000 more Hispanic Illinoisans were employed in December 2021 compared to December 2019. Hispanic women are driving their recovery.
Revisions show Illinois added 17,400 more jobs in 2021 than previously thought, but the state’s recovery still significantly lags the U.S. recovery rate.