With one proposal to pay off Illinois’ pension debt asking the typical homeowner to pay more than $1,900 in additional property taxes for the next 30 years, the stakes for pension reform have never been clearer.View Report
When people can’t find good job opportunities in Illinois, they are too often forced to leave. And to take their place, too few have enough confidence in the state to move in from elsewhere and build a future.
The state also saw a drop in the unemployment rate over the month, fueled by employment gains and labor force decline.
Seven metro areas across the state lost jobs over the month.
The state also saw a drop in the unemployment rate, but it wasn’t because people found jobs.
Revisions from the Bureau of Labor Statistics flipped Decatur’s jobs growth from negative to positive over the year, though the growth was meager.
Combined jobs growth was slightly positive across Illinois’ metro areas in January. But only four metro areas have recovered the jobs they lost during the Great Recession.
The insurer will downsize its IT division in Bloomington while adding tech jobs in other states.
The worst years of the Great Recession are in the rear view. But if the latest gloomy fiscal forecast is any indication, Illinois' persistent policy mistakes will drag down its economic performance well into the future.
New state data shed a light on weak economic growth in metro areas across Illinois.
Decatur is the fastest-shrinking city in the state since 2010, and saw some of the heaviest jobs losses among metro areas in 2017.