Only 51 percent of black adults reported having some form of work in Illinois.View Report
1,120 of the jobs lost were in manufacturing and food processing.
Although Illinois hosts corporate headquarters of many large companies, its economy lags in blue-collar job opportunities.
The plant will close its doors by July 17 and offer some employees relocation opportunities.
Illinois is home to the highest workers’ compensation costs in the region, and the weakest manufacturing recovery. New research details pain points and ways to fix the system while protecting worker safety.
Indiana’s sharp rise in union members is due to its robust economic growth and increase in manufacturing jobs, while Illinois’ economy continues to lose factories and sees little growth in union members.
The average cost of workers’ comp for steel workers among neighboring states is under $8 per $100 of payroll compared to nearly $12 in Illinois.
Illinois saw a 0.23 percent increase in jobs in the first quarter of 2017, the third-worst growth rate in the region.
Illinois lost jobs across several industries including construction, manufacturing, and professional and business services. The only employment category to see significant growth was leisure and hospitality.
The industry giant’s move comes amid continued disinvestment in Illinois manufacturing.
In February 2012, Caterpillar’s then-CEO Doug Oberhelman outlined needed reforms to save Illinois manufacturing jobs. State lawmakers have failed to act, and the Land of Lincoln is the only state in the region to lose manufacturing jobs since.