Illinois is home to the highest workers’ compensation costs in the region, and the weakest manufacturing recovery. New research details pain points and ways to fix the system while protecting worker safety.
A new survey from Harris Poll for Express Employment Professionals shows that nearly half of unemployed people in Illinois have given up looking for work.
Illinois’ sky-high property tax rates and lackluster economic growth have aggravated the state’s housing crisis.
Illinois had a record loss of 114,000 residents to other states in 2016.
Indiana’s sharp rise in union members is due to its robust economic growth and increase in manufacturing jobs, while Illinois’ economy continues to lose factories and sees little growth in union members.
Illinois still has 144,000 fewer people working compared with the state’s pre-recession employment level, while surrounding states have all experienced employment growth.
Illinois currently has the highest start-up fees in the country, further burdening the already-unfriendly business climate in the state.
Despite Illinois’ built-in economic advantages, personal income in Indiana is growing much faster than personal income in Illinois.
The average cost of workers’ comp for steel workers among neighboring states is under $8 per $100 of payroll compared to nearly $12 in Illinois.
Cook and Lake counties had the greatest number of mass layoffs in April 2017, with most of the jobs lost coming from the service and hospitality sectors.
Since Mayor Rahm Emanuel took office in 2011, aldermen have been on the defensive regarding their power. The latest attempt to retain some of that power is taking place along a stretch of 71st Street in the 5th Ward.
Companies have announced billions in new business investment in Kentucky a few months after the state passed key economic reforms. Illinois lawmakers should take note.
The state agreed to the tax credits in exchange for Capital One hiring 210 new employees and retaining 900.
Illinois’ EDGE tax credit program expired April 30; however, proponents of EDGE have passed a one-month extension in the Illinois House of Representatives.