Employment in nearly all of Illinois’ major industries are still lagging other states two years after the initial COVID-19 shutdowns rocked the economy.
Revisions show Illinois added 17,400 more jobs in 2021 than previously thought, but the state’s recovery still significantly lags the U.S. recovery rate.
Lots of businesses tried to get started during 2021 in Illinois, but the ones that create jobs had a tough time launching. That’s why Illinois unemployment remains high and salaries depressed during a national labor shortage.
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...