Illinois only added 3,600 jobs in October, a drastic drop in job growth coming amid persistent inflation and rising recession fears. Unemployment led the nation.
Gov. J.B. Pritzker is claiming his administration has fought for Illinois families. Since Pritzker took office, Illinois’ unemployment rate is worse compared to other states.
Illinois is one of the states with the most to gain from the continued national jobs recovery, but could be hit harder than other states by a recession.
Despite a full year of job gains, all Illinois metropolitan areas are missing jobs since the pandemic began and the recovery stalled. While May brought job gains statewide, only eight metro areas saw gains while seven saw losses.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.