Population decline has shrunk Illinois’ workforce and the relative size of the state economy. Attracting more workers from other states starts with lowering the cost of living, decreasing pension costs and debt, and improving the state’s social services.
Illinois’ labor market has heated up, gaining 40,900 jobs in October. It was the largest increase in 2021 as women, especially minority women, returned to work
Illinois’ sluggish labor market is driven by a record number of workers quitting their jobs at the same time there are fewer job opportunities than in nearly any other state. Even though an all-time record number of workers quit, Illinois was only No. 7 in the “Great Resignation.”
Business sectors directly affected by the coronavirus and mitigation employ 1.5 million Illinoisans. The longer the shutdown, the more industries and jobs face cuts.
New data show Illinois lost private sector jobs amid a national economic expansion for the first year on record in 2019, a sign of the state’s deep structural problems in the run-up to the current market downturn.
Amazon bought the old commercial property, but Bolingbrook’s mayor opposes putting 1,500 jobs on it. Illinois’ job growth was below the national average in 2019.