Black workers in Illinois face a tougher job market compared to other big states. Illinois has the highest unemployment rate for Black workers among the 10 biggest states.
Black workers in Illinois face a tougher job market than peers nationally. Hispanic men, Asians face lower unemployment rates relative to peers in other states.
Combined state and average local sales tax rate tallies 8.85% in Illinois for 2024. That’s the highest in the Midwest and seventh highest in the nation.
Occupational licensing is more burdensome in Illinois than in neighboring states for many professions. Those barriers are unreasonably keeping poor Illinoisans and Chicagoans from finding work.
Data from the Mercatus Center shows Illinois faces a high regulatory burden at both the federal and state level. Research shows these regulations place a disproportionately high burden on the poor, helping to keep them in poverty.
Illinois state and local pension debt now tallies $218 billion with both debt to GDP and funding ratios the worst in the nation, according to a new Equable Institute report.
Illinois just saw a $1.76 billion drop in state income tax collections, proving what a new study just showed: state tax policies give it the nation’s eighth-most volatile revenues. That also makes Illinois very vulnerable when a recession hits.
Kentucky, Wisconsin, Indiana and Missouri are attracting residents while Iowa and Michigan are the only neighbor states losing residents to other states
New Census Bureau data shows people moving out of Illinois continues to drive the state’s population decline. So many moved away in the year before July 2022, it was almost like Rockford disappearing.
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...