Illinois is steadily adding jobs lost during the COVID-19 economic downturn, but despite 10 months of gains the state recovery lags the nation. Some metropolitan areas are far behind where they were.
Key indicators show Illinois’ labor market could begin adding jobs faster than the national economy if population decline and Amendment 1 don’t derail the state’s trajectory.
Illinois’ employment recovery continued in March, but the state is still missing one in five jobs lost during the COVID-19 pandemic’s economic downturn and state restrictions.
Bloomington is the only metro area to recover jobs lost during the COVID-19 pandemic and statewide mandated shutdowns. Illinois is still missing 200,100 jobs as of January 2020.
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.