Illinois added 8,400 jobs in June, but unemployment remained high compared to the rest of the nation. The state still hasn’t recovered the jobs it had before the pandemic.
While government jobs outpaced the overall growth for the month, manufacturing and construction took the biggest losses as the unemployment rate remains among the worst in the nation.
Illinois lost more than 105,000 residents and $10.9 billion on net in adjusted gross income to other states from 2020-2021, according to new federal tax return data. Losses were spread across every age and income group.
Illinois ranked No. 2 in the nation for number of small businesses planning to lay off employees in the coming months. A majority of entrepreneurs have already put a freeze on new hires. Amendment 1 threatens Illinois’ business climate even more.
Illinois lost more than 100,000 residents and $8.5 billion on net in adjusted gross income to other states from 2019-2020, according to new federal tax return data. Those leaving earned $31K more than those coming in.
A Census survey intended to estimate the accuracy of the 2020 Census is being used to project an Illinois population increase. While there may be more Illinoisans than originally thought, that does not mean they aren’t leaving at an accelerating pace.
Some Illinois politicians are using an estimate to revise the Census count and claim Illinois doesn't have a problem with its residents moving away. A closer look shows they are wrong, and the danger of denial.
Chicago Ald. Patrick Daley Thompson was implicated in the plea agreement of a former bank employee who federal prosecutors said played a critical role in the embezzlement scheme. She said millions in theft was covered up before the bank failed.
A Chicago city administrator responsible for accountability faces charges of falsifying bank loans, lying to regulators and taking a $130,000 personal loan he never repaid while on the bank’s board.
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.