From the first quarter of 2001 until the second quarter of 2015, business establishment growth has been 34 percent while jobs growth has been only 1 percent.
“I’m 96 years old. Would you believe it? “This will tell you how old I am: I was one of the first black machinists in Chicago … I mopped floors at a canning company, and the owner’s son was a really nice guy. He taught me how to use a drill press in secret. No...
Illinois’ weak jobs growth is driving more residents to other states on net than Illinois gains from other states, from natural growth in births or from international immigration.
Federal data show how Illinois workers suffer under their state’s anti-manufacturing status quo.
Caterpillar Inc.’s announcement of 670 layoffs comes amid the loss of a quarter of the manufacturing jobs in Peoria and Tazewell counties since 2008.
Chicago’s many bureaucratic barriers to starting a business shield established businesses from competition and keep low-income entrepreneurs from getting ahead.
The East Peoria, Ill., plant will be the hardest hit, losing 230 jobs for office and production workers. As neighboring states grow factory work, Illinois is approaching an all-time low for manufacturing jobs.
Unlike Illinois, Pennsylvania has actually recovered the number of jobs it lost during the Great Recession, and now has 40,000 more jobs than it had at its pre-recession peak. Illinois, on the other hand, still has 90,000 fewer jobs than it had before the recession, the worst jobs recovery in the U.S.
Illinois lost 3,000 jobs on net in 2015, while other neighboring and Great Lakes manufacturing states all gained tens of thousands of jobs on net for the year.
Illinois businesses gave notice of impending layoffs in December as the state ended 2015 with fewer jobs than it had at the start of the year.
The state unemployment rate jumped to 5.9 percent from 5.7 percent, driven by an increase of 18,300 Illinoisans who are unemployed. Illinois also has 178,000 fewer people working compared to before the Great Recession.
I have a loyalty to my company and my people because they’ve been loyal to me and the company for many, many years.
Gov. Bruce Rauner and Republican state lawmakers have proposed bankruptcy for Chicago Public Schools; Mayor Rahm Emanuel has rejected the idea of bankruptcy, repeating his demand that Illinois taxpayers bail out the struggling school district.
Mayor Rahm Emanuel’s proposed 2 percent tax and new regulations would harm Chicagoans trying to make ends meet by renting out space in their homes, as well as tourists looking for less expensive lodging.