Only Bloomington has recouped early 2020 job losses, which is bad news for Illinois’ lagging economy as recession fears increase.
"Running a business can be stressful at times, but I do it because I absolutely love offering job opportunities.”
With the highest unemployment rate in the Midwest and 117,000 jobs still missing, Illinois’ labor market is among the least recovered in the region.
Illinois’ job opening rate declined 1.5 percentage points in May. That’s not a good way to enter a potential recession.
Illinois homeowners are most likely in the nation to be in foreclosure. The looming $2,100 property tax hike from Amendment 1 would make housing even more unaffordable.
Politicians and pundits can’t seem to agree about whether the U.S. is in a recession, but the semantics matter little for struggling Americans. Illinois can expect economic pain regardless of what it’s called.
Gov. J.B. Pritzker sold the iconic state office building in downtown Chicago to Google for $105 million. He settled for far less than the $300 million sale price state politicians predicted.
Gov. J.B. Pritzker added $650 million in taxes and fee hikes for small businesses in his last budget. Voters will decide Nov. 8 if Illinois’ business climate will get tougher, yet, through Amendment 1.
Illinois’ employment recovery continued in June, but the state is still missing one in seven jobs lost during the pandemic.
Wages have failed to keep up with inflation, dropping Illinoisans’ purchasing power by $2,900 on average.
Illinois is one of the states with the most to gain from the continued national jobs recovery, but could be hit harder than other states by a recession.
Despite a full year of job gains, all Illinois metropolitan areas are missing jobs since the pandemic began and the recovery stalled. While May brought job gains statewide, only eight metro areas saw gains while seven saw losses.
Illinois’ employment recovery continued in May, but the state is still missing nearly one in six jobs lost during the pandemic.
U.S. Steel is cutting up to 1,000 jobs and selling parts of its Granite City plant. The move comes as Madison County employment remains down over 5,600 jobs since the pandemic.