Job losses peaked in April 2020 amid COVID-19 and state-mandated shutdowns. In the year-long recovery since, Illinois’ has been among the nation’s slowest.
While total payrolls were up 300, private sector jobs took a beating in April and lost 4,000 positions. Illinois’ labor market completely stalled as the national economic recovery slowed.
Illinois’ unemployment rate remains the highest in the Midwest despite March jobs growth. Unemployment is high across the state compared to the region.
More small businesses have closed in Illinois than in any other Midwestern state, except Michigan. Taxing them more as they struggle is the wrong move.
A year into COVID-19 and 552,000 Illinois workers are still in need of jobs. Despite that, Gov. J.B. Pritzker is asking for as much as $2 billion in new taxes on the small businesses that create most Illinois jobs.
The pandemic has affected everyone, but the economic fallout has been especially devastating for specific groups. In addition to retailers, restaurant owners and other small business owners, women, working mothers and Black Illinoisans suffered the worst in terms of job losses.
Revised figures show 2020 job losses were worse for Black Illinoisans than originally thought. The worst year of job losses in state history disproportionately affected minority Illinoisans.