Midwestern United States

State’s record-breaking budgets make Illinoisans poorer

By Ted Dabrowski
12/25/2016
For each percentage point drop in the private sector’s share of the state economy, Illinois household incomes fall by over $3,000 on average. Unfortunately for Illinoisans, the private sector’s share of the Illinois economy has dwindled as government’s share – enabled through tax-funded spending – has risen to 25 percent.

TAGS: budget, household income, income tax, taxes

Illinois companies announce 650 mass layoffs in November

By Brendan Bakala
12/06/2016
Employers in the Land of Lincoln announced 650 mass layoffs in November, according to the November edition of the Illinois Worker Adjustment and Retraining Notification, or WARN, report. This report marks the first time since July 2015 that there wasn’t single mass-layoff announcement in the manufacturing sector. The types of jobs lost were spread across...

TAGS: Megabus, Mondelez International, Primesource, Ryder, WARN