New data shows only six of 15 Illinois metropolitan areas added jobs in October as the state shed 2,400 jobs. Twelve metro areas reported higher unemployment than the national average.
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.
Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...