Illinois is still missing 77,000 jobs from its restaurants, bars, hotels and other leisure industries since COVID-19 shutdowns. That Illinois jobs sector has recovered only 72% of what it lost in the pandemic – one of the nation’s worst recoveries.
Published Jan. 27, 2022 Illinois’ economy was shaken by the COVID-19 pandemic, but 2021 was supposed to be a year of recovery. Unfortunately, the policy climate continues to be the state’s biggest liability despite high vaccination rates, great natural endowments, a talented workforce, a large financial sector and a growing tech industry. While Illinois boasts...
The pandemic caused the largest and shortest economic contraction in U.S. history. But as other states recovered, Illinois’ economy remained $17 billion below the pre-pandemic trend through the first half of 2021.
Illinois employers are hurting from a lack of workers while the state unemployment rate remains high. When a parent can stay home and make $51,627 on unemployment, the prospects of getting more workers back to work this summer appear dim.
A national study ranked Chicago’s unemployment recovery 172nd out of the 180 most-populous U.S. cities. Lawmakers didn’t help when they imposed $655 million in new taxes on the state’s job creators.
To combat above-average unemployment, Illinois state leaders discussed a possible back-to-work bonus. The state would pay cash to those who go off unemployment.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...