The Fed just cut interest rates over worries about the national jobs outlook, but in Illinois unemployment has been a persistent problem. Tax and state economic policy should get much of the blame.
Published July 9, 2024 America is facing a housing affordability crisis. According to a 2022 survey, 73% of Americans said the average person could not afford a home in their area, and 69% were worried about their children and grandchildren being able to afford a home. That’s unfair. Everyone deserves a good roof over their...
Illinois has reached the four-year mark with Gov. J.B. Pritzker’s administration. What do the past four years tell Illinoisans about what to expect in his second term?
Illinois lawmakers and Gov. J.B. Pritzker reached a deal to pay off $1.8 billion borrowed from the federal government for unemployment benefits during the COVID-19 pandemic. It’s a positive step, but the state remains ill-prepared for the next economic shock.
Analysis from the Federal Reserve Bank of Philadelphia indicates Illinois lost jobs during Q2 rather than gaining, as previously reported. It may still be losing jobs. Illinois ranked No. 2 for highest unemployment in November.
Illinois’ metro areas already face unemployment problems, with some of the nation’s worst rates. They could be hit harder by a recession than other places in the nation.
Illinois only added 3,600 jobs in October, a drastic drop in job growth coming amid persistent inflation and rising recession fears. Unemployment led the nation.
Illinois added 14,900 jobs in September, but its unemployment rate was the highest in the nation. Inflation and growing recession fears could hit the state harder than most.
A review of Gov. J.B. Pritzker’s term in Illinois’ highest office examines his track record beyond the campaign rhetoric. The second and final gubernatorial debate with opponent Darren Bailey is Oct. 18.
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.