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.
The Illinois House voted to use $2.7 billion in federal relief to partially refill the state’s depleted unemployment trust fund. Some lawmakers said it’s not enough.
Illinois’ cannabis dispensaries are noticing a steady drop in sales after record-setting sales in December. High prices and a lack of supply likely push customers to street dealers.
Although Hispanics were one of the groups hardest hit by pandemic-related job losses, 85,000 more Hispanic Illinoisans were employed in December 2021 compared to December 2019. Hispanic women are driving their recovery.
Black workers in Illinois face much higher unemployment rates than other Black workers in the nation and than their white peers in Illinois. Investing in MAP grants rather than spending more on public pensions could make a difference.
The Proviso teachers’ union declared the strike over compensation March 4, canceling classes for the district’s 4,200 students for 8 days so far. The local school board tried to call a time-out to get students back in class, but the union refused.
Employment in nearly all of Illinois’ major industries are still lagging other states two years after the initial COVID-19 shutdowns rocked the economy.
A new study shows Illinois is the least tax-friendly state in the nation. A family making the median national income in the median valued home pays 16.8% of their income to taxes, more than any other state.
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...