Illinois’ unemployment fell to 8.7 percent in November from 8.8 percent in October, adding 16,400 new payroll jobs. Despite this small decrease in the unemployment rate, Illinois is still a full percentage point above the national unemployment average of 7.7 percent, and 1.6 percentage points higher than the average of its neighboring states. That fact –...
Diane Cohen General Counsel Liberty Justice Center In the wake of the Supreme Court’s decision in NFIB v. Sebelius last June, and with the prospects for repeal of the Patient Protection and Affordable Care Act dashed by the 2012 elections, key states – including Florida, Idaho, Indiana, Iowa, New Jersey, Pennsylvania, Tennessee, Utah and Virginia...
Illinois’ unemployment rate remained at a stagnant 8.8 percent in October, unchanged since September and still far above the national unemployment rate of 7.9 percent. Adding only a paltry 4,800 jobs last month, the state has been stuck in neutral, at best. Illinois’ neighbors, on the other hand, are watching their unemployment rates drop. They’re...
When families in Illinois need to tighten their belts, cable TV is often one of the first expenses to go. A state nearing bankruptcy should do the same. The Illinois Department of Corrections (IDOC) racked up a cable bill of $2,261,009 between July 2010 and June 2012. Popular channels included in this bill were MTV,...
The Tax Foundation has reaffirmed Illinois’ status as a high-tax state in its newly released 2012 Annual State-Local Tax Burden Ranking. Based on the Census Bureau’s 2010 data, the report found that Illinois’ overall tax burden per resident is the 11th highest in the nation. Some highlights from the report include: At 10.2 percent, Illinois has...
Gov. Quinn is not getting great press these days. The Cato Institute recently ranked him the worst governor in the nation. His approval rating stands at just 26 percent. And while Gov. Quinn may choose to ignore those messages, he may want to heed the warnings the financial markets continue to fire his way. Credit agencies have...
The nation’s unemployment rate increased to 7.9 percent in October from 7.8 percent in September, according to the Bureau of Labor Statistics. If that number is a reflection of the country’s anemic recovery, consider the implications of Illinois’ 8.8 percent unemployment rate in September. There are more than 580,000 Illinoisans formally out of work. And these...
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.