Midwestern United States

Chicago unemployment rate 5th highest of nation’s 49 largest metro areas

By John Klingner
06/02/2014
Illinois politicians want to make things worse for the many Chicagoans struggling to find jobs and make ends meet. They’re calling for state, county and local tax hikes on the city that already has one of the worst metro area unemployment rates in the nation, according to the U.S. Bureau of Labor Statistics. Gov. Pat...

Chicago a ‘dystopian nightmare’ for entrepreneurs

By Michael Lucci
05/26/2014
The U.S. Chamber of Commerce ranked the regulatory environment in 10 major U.S. cities, and the results aren’t pretty for Chicago. One writer described starting a professional services business in Chicago as a “dystopian nightmare.” Professional and business services make up 780,000 payroll jobs in the Chicago metropolitan area, a major part of current employment...

Illinois politicians’ obsession with tax hikes

05/21/2014
Fifty percent of all Illinoisans would leave the state if they could. Twenty-five percent think it’s the worst state to live in. Another 72 percent don’t trust their government. These numbers came from three recent Gallup polls. In all three surveys, no state polled worse than Illinois. You’d think with results like that, the last...

No room in Illinois family budget for another tax hike

By Benjamin VanMetre
05/20/2014
Illinois politicians are nervous. They don’t yet have the votes to pass another tax hike, and they’ve done nothing to prepare a balanced budget under the actual 2015 income tax rates. Now they’ve resorted to guilting Illinoisans into paying higher taxes. We’re all familiar with these stories by now. Politicians have focused on narratives that...

Illinois loses 6,800 payroll jobs in April, while Texas gains 64,100 jobs

By Michael Lucci
05/16/2014
Illinois lost 7,800 private-sector jobs in April, and the state jobless rate fell to 7.9 percent, according to the Bureau of Labor Statistics. Illinois remains the worst in the Midwest and third-worst nationally for joblessness. Illinois’ private-sector jobs loss came against a gain of 1,000 government jobs, leaving the state with a net loss of...

Are you ready to pay $5,000 in higher taxes?

By Benjamin VanMetre
05/14/2014
The average Illinois family will be forced to pay thousands of dollars in higher taxes if Gov. Pat Quinn has his way. Illinois state government is predicting it will collect about $34.9 billion in tax dollars next year. So naturally, that’s how much Illinois state government plans to spend next year, right? Wrong. Quinn is...

Illinois’ 2011 income tax hike put brakes on jobs recovery

By Michael Lucci
05/13/2014
Illinois’ 2011 income tax hike helped put the brakes on the state’s private-sector jobs recovery. According to data from the Bureau of Labor Statistics, Illinois’ monthly job creation has slowed down since the 2011 tax hike. Meanwhile, the rest of the country has accelerated its jobs growth. The Great Recession began in January 2008, and...

CEOs sound off on Illinois’ business climate

By Michael Lucci
05/12/2014
CEOs of major U.S. corporations went on record in Chief Executive Magazine’s “2014 Best and Worst States for Business.” Business leaders pulled no punches in their description of Illinois, going so far as to compare doing business in Illinois to doing business in a third-world country. The publication ranked Illinois at the bottom of the...