Bureau of Labor Statistics

State’s record-breaking budgets make Illinoisans poorer

By Ted Dabrowski
12/25/2016
For each percentage point drop in the private sector’s share of the state economy, Illinois household incomes fall by over $3,000 on average. Unfortunately for Illinoisans, the private sector’s share of the Illinois economy has dwindled as government’s share – enabled through tax-funded spending – has risen to 25 percent.

TAGS: budget, household income, income tax, taxes

Workers’ compensation for state, county and municipal workers costs Illinois taxpayers $400 million per year

By Michael Lucci
11/28/2016
Workers’ compensation is a significant cost to Illinois taxpayers and drains scarce tax dollars from government coffers. Political and business leaders often view workers’ compensation as a costly regulation that affects private-sector investment and employment in Illinois.[1] This description is accurate yet incomplete. The same heavy costs imposed on private-sector employers[2] are also imposed on...

A sorry state: Illinois’ economy in 2017

By Orphe Divounguy
11/16/2016
Since the end of the recession, only 5 out of Illinois’ 13 metro areas – Carbondale-Marion, Chicago, Kankakee, Lake County-Kenosha County and Springfield – have recovered all the private-sector jobs lost from the Great Recession.

TAGS: economy, jobs, unemployment