October job numbers for Illinois remained disappointing, with an unemployment rate that was third highest in the nation. There are 346,000 Illinoisans who need a job.
The statewide Illinois job market outpaced the national average. But 13 of 15 metro areas continued to have higher unemployment rates than the U.S. average.
Illinois voters on Nov. 5 will be asked whether they favor a “millionaire tax.” Here are three things to know about it: the tax can be easily avoided, it fails to provide stable revenue and it discourages or limits economic growth.
Illinois’ job market outpaced the national average during August. But 13 of Illinois’ 15 metropolitan areas continued to have higher unemployment rates than the national average.
Published Sept. 26, 2024 Illinois is in the midst of a housing affordability crisis. Over a third of residents are considered “burdened” by housing costs, meaning they pay over 30% of their income on costs related to housing. That is a greater portion of residents burdened by housing than any other state in the Midwest....
The Fed just cut interest rates over worries about the national jobs outlook, but in Illinois unemployment has been a persistent problem. Tax and state economic policy should get much of the blame.
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.