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...
Illinois’ economy needs a real comeback to get the state back to work. To address what is needed for a sustainable recovery, policymakers should look at one of Illinois’ primary pain points: the manufacturing sector. The recession caused Illinois to lose 116,800 manufacturing jobs from January 2008-January 2010. After that, Illinois began a weak manufacturing...
Only 28 percent of Illinois residents trust their state government, the lowest rate in the country by far. Since the days of Al Capone, the words “Illinois” and “Chicago” have been synonymous with government corruption. In order to change the narrative and restore trust in our state and local government we must fight public corruption head...
In the past two years, the Illinois Tollway Authority has filed lawsuits totaling $11 million against drivers who didn’t pay tolls – a fee that was originally sold to the public as “temporary.” When the Illinois Tollway was originally created in 1953, lawmakers used the revenue to pay for the original bonding needed to build...
Waukegan Public Schools have been closed for more than three weeks because of a teacher strike called by the Lake County Federation of Teachers. At this point, the acrimony between the union and the administration must be severe; and the children who attend the district’s schools, along with a lot of teachers, are stuck in...
Insurers wouldn’t participate in the federal health exchange without an escape clause protecting them from the possibility that IRS subsidies would be ruled illegal, according to industry news. It was a smart move, as that possibility just got more likely in recent weeks. At issue is what the plain text of Section 1401 of the Affordable Care...
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...
Top 10 facts on labor policy in Illinois Unions are often presented as the plucky defenders of the working man or woman, whose only interest is seeing that workers get a fair shake on the job. But in reality, unions are well financed and powerful. And in government, at least, union influence goes beyond the...
Here are the top 10 facts you need to know about Illinois’ pension crisis: 1) Illinois’ state pension funds have only 41 cents for every dollar they need to pay out future benefits. 2) Illinois has the nation’s worst pension crisis. Taxpayers are officially on the hook for more than $100 billion in unfunded Illinois pension debt,...
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...