Illinois continues to bleed workers, with another 19,000 Illinoisans dropping out of the workforce in the month of August alone, according to a press release from the Illinois Department of Employment Security, or IDES. As a result, Illinois’ labor force participation rate hit a new 35-year low in August. The state’s jobless rate fell from...
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...