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...
Illinois’ “temporary” 2011 tax hike made the state’s slow recovery even worse. The tax hikes hit at the worst possible time – right after household incomes had collapsed during the recession. Since the tax hikes, the monthly growth in the number of people working in Illinois has slowed down by 60 percent, while the monthly...
The unemployment rate is a state’s most closely monitored indicator of economic health. The Illinois unemployment rate rose sharply through the Great Recession, and continues to fluctuate and trend downward as a result of both economic growth and a shrinking workforce. Illinois’ working-age adult population, from which the workforce is drawn, has grown by nearly...
The Illinois unemployment rate fell to 6.6 percent from 6.7 percent in September, according to today’s economic release from the Bureau of Labor Statistics. The number of payroll jobs in Illinois increased by 19,300 in September, the sixth-best monthly increase in the last 10 years. Illinois’ workforce grew by 5,800 in September, the first month...
Illinois is ready to boom. That is the single most important fact about Illinois’ jobs climate and economy as a whole. However, Illinoisans have been held back by policy errors that have plagued the state for decades, especially since the Great Recession. Policy errors are causing tremendous pain for Illinoisans, but that pain can be...
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.