Danville

Illinois Senate proposes income tax hike in the face of record out-migration and wealth flight

By Michael Lucci
01/20/2017
The Illinois Senate’s proposed budget plan would raise the personal income tax rate to at least 4.95 percent with no real reforms to address the state’s skyrocketing debt and unsustainable spending. This proposal comes despite Illinois’ loss of $14 billion in annual income and hundreds of thousands of people in the wake of the 2011 income tax hike.

TAGS: budget, Christine Radogno, income tax, John Cullerton, outmigration, taxes

7 of 10 Illinois metro areas are not recovering at all

By Michael Lucci
11/03/2014
Unemployment rates fell for most of Illinois’ metropolitan statistical areas in September, according to a press release from the Bureau of Labor Statistics. However, seven out of 10 Illinois metro areas are not showing any signs of an economic recovery when it comes to putting people back to work. Champaign, Chicago and Springfield are showing...

TAGS: Chicago, jobs

Workforce shrinks in 9 of 10 metro areas

By Michael Lucci
10/02/2014
Though unemployment rates fell in August for Illinois’ major metropolitan areas, 19,000 workers dropped out of the workforce, according to the Bureau of Labor Statistics. Because of these dropouts, the workforce shrank in every metropolitan statistical area, or MSA, except Champaign-Urbana. Workforce dropouts drive down the unemployment rate because unemployed workers who leave the workforce...

TAGS: employment

Illinois metro areas lag behind most others in the nation on jobs recovery

By Michael Lucci
08/27/2014
The unemployment rate fell in all of Illinois’ metropolitan statistical areas in July, according to a press release from the Illinois Department of Employment Security. In fact, unemployment rates have fallen in all metro areas for four consecutive months, which seems like welcome news. But these numbers are only encouraging at face value. As is...

TAGS: jobs, unemployment

Illinois metro areas’ employment numbers lower than they were decade ago

By John Klingner
07/03/2014
Employment in Illinois’ metropolitan areas improved in May, but employment growth is still far behind what it should be, according to data from the Bureau of Labor Statistics. All 10 metropolitan areas saw month-over-month and year-over-year improvement of their unemployment rates. Unfortunately, every Illinois metro area has an unemployment rate above the national average of...

TAGS: employment, jobs