A new Fed report shows strict COVID-19 policies and enhanced unemployment benefits likely contributed to Illinois’ sluggish recovery from the pandemic recession.
Couples’ wallets won’t feel the love this holiday as inflation soars and Illinois taxes kill the mood. Here’s how much extra a little romance will cost this Valentine’s Day.
The nation recovered 85% of the jobs lost to the COVID-19 downturn, but only one metro area in Illinois beat the U.S. average. The Chicago area only recovered 64% of its jobs. Bloomington was one of just 11 U.S. areas to lose jobs last year.
Chicago property taxpayers face a nearly 5% hike this year after a decade in which their bills nearly doubled. The city failed to capitalize on the COVID-19 stimulus windfall like others did.
Published Jan. 27, 2022 Illinois’ economy was shaken by the COVID-19 pandemic, but 2021 was supposed to be a year of recovery. Unfortunately, the policy climate continues to be the state’s biggest liability despite high vaccination rates, great natural endowments, a talented workforce, a large financial sector and a growing tech industry. While Illinois boasts...
Illinois’ sluggish labor market is driven by a record number of workers quitting their jobs at the same time there are fewer job opportunities than in nearly any other state. Even though an all-time record number of workers quit, Illinois was only No. 7 in the “Great Resignation.”
Some parts of Illinois’ job markets are recovering, but not for Black Illinoisans. Many jobs are still missing from before COVID-19, including over one-third of the leisure and hospitality jobs.
A national study ranked Chicago’s unemployment recovery 172nd out of the 180 most-populous U.S. cities. Lawmakers didn’t help when they imposed $655 million in new taxes on the state’s job creators.
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.