For a second month in a row, Illinois holds the unenviable position of leading the nation in negative jobs data. This month, the bad news is in the number of unemployed Illinoisans. Data released Sept. 15 by the Bureau Labor of Statistics showed that more people became unemployed last month in Illinois than in any...
by Emily Dietrich President Obama presented a $450 billion proposal to a joint session of Congress last week. He instructed lawmakers: “Pass this bill, and hundreds of thousands of disadvantaged young people will have the hope and the dignity of a summer job next year. And their parents – their parents – low-income Americans who...
by Emily Dietrich President Obama convened a joint session of Congress Thursday night to unveil his latest jobs proposal. Almost immediately, lawmakers and political pundits levied harsh criticism. Leftists expressed fear that the President’s proposal isn’t “bold” enough. The purported $450 billion price tag doesn’t come near the $1 trillion in spending some have agitated...
by Emily Dietrich Should the government tell you what to eat? When to eat? Or how much to eat? What about if it cost jobs? What if you lost your job because the government regulated who-could-eat-what? U.S. Representative Peter Roskam predicts Illinois families will be facing this exact situation. In The Chicago Sun-Times, he writes: “Illinois-based...
by Emily Dietrich People no longer use the term “Hoover Flags” to describe turned-out empty pockets or “Hooverville” to characterize a tent city. Yet, many Illinoisans may be surprised to learn that the failed policies that discredited President Herbert Hoover are still being implemented today. Jonathan Bean, who is a Professor of History at Southern...
In a trend that continues to worsen, more Illinoisans found themselves unemployed in the month of July. Illinois lost more jobs during the month of July than any other state in the nation, according to the most recent Bureau of Labor Statistics report. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm...
For most Illinois families, the price of the January 2011 state income tax hike is an additional week’s wages lost to state coffers. But for some, the cost has been much higher as jobs disappear altogether. Between January and June 2011, 56,223 fewer Illinoisans were employed* – a performance worse than any other neighboring state....
by Emily Dietrich Imagine what Illinois will look like in 2050. The social and economic fabric of the country will definitely have changed. By then, the United States will have an additional 100 million people. Noted futurist and author Joel Kotkin has given this a lot of thought. Recently, he led a discussion at Illinois Policy Institute....
In a trend that continues to worsen, more Illinoisans found themselves unemployed in the month of July. Illinois lost more jobs during the month of July than any other state in the nation, according to the most recent Bureau of Labor Statistics report. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm...
by Sameer Warraich Last week, Crain’s Chicago Business reported the results of recent research on the manufacturing performance of all 50 states. The study, by Ball State’s Center for Business and Economic Research, gave each state a grade based on criteria including manufacturing and logistics health, human capital, cost of benefits, global position and diversification of industries,...
by Amanda Griffin-Johnson This morning, the Bureau of Labor Statistics released May unemployment figures showing Illinois’s seasonally adjusted unemployment rate is up .1 percent to 8.9 percent in May as compared to 8.8 percent in April. The Chicago metropolitan area experienced a .4 percent increase in the same time frame to 8.9 percent in May, up from 8.5...
by Drew McKinley Last week the Illinois House passed HB1698, which attempted to reform Illinois’s broken workers’ compensation system. In the bill, the key mechanism for reducing spending is to cut payments to physicians and specialists by 30%. However, studies have shown that cutting reimbursements to physicians actually increases the cost of care. For example,...
by Drew McKinley As the Institute noted this week, Illinois is currently suffering from the thirdworst job loss rates in the nation. Also this week, the CME Group announced it was considering leaving Illinois. The corporate tax hike passed during the most recent lame-duck session of the state legislature is poised to cost the CME Group $50 million...
by Brian Costin A new study out by the Mercatus Center of George Mason University shows that Illinois ranks poorly when it comes to Freedom amongst the states. This study comprehensively ranks the American states on their public policies that affect individual freedoms in the economic, social, and personal spheres. Here’s Illinois’s rankings in each of the categories. 27/50 regulatory policy...