Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
Unemployment claims bumped up for a second week in Illinois as Gov. J.B. Pritzker decided to push for 9 new taxes, mostly hitting businesses and job creation. Illinois ranked 49th for recovery last week.
Illinois households earning less than $40,000 were four-times as likely to lose their jobs from February-April 2020 and nearly 11 times as likely to still be out of work compared to those earning $75,000 or more.
While the nation gets back to work, Illinois unemployment claims rose again. The past week ranked Illinois 50th out of 51, including Washington, D.C.
The record year for job losses hit every corner of Illinois amid COVID-19 and state-mandated lockdowns.
Illinois lost 423,300 jobs from December 2019 through December 2020.
Illinois unemployment numbers dropped for a week during the holidays, but they were back up last week as the state's hospitality industry remains out in the cold.
Bans on indoor dining and bar service continue to hurt Illinois jobs numbers, placing the state low in a national recovery ranking.
Jobs data is giving the illusion of economic recovery in Illinois. The reality is 107,530 workers gave up their job searches, and new COVID-19 lockdowns can only hurt more workers.
76,338 Illinoisans filed new unemployment claims during the week ending Oct. 31, up more than 23,000 from prior week.
Illinois lost 12,000 jobs in September and is home to the highest unemployment rate in the Midwest. Gov. J.B. Pritzker’s “fair tax” proposal would worsen the state’s jobs climate even more.