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Unprecedented Unemployment Deficit Threatens To Cripple Businesses, Claimants

/ An image from the Illinois Department of Employment Security shows the anticipated fund balance of the Unemployment Insurance Trust Fund as of June 2021. Since economic shutdowns began and COVID-19 death counts started to rise in March 2020, national unemployment rates have hovered at historically high numbers, stressing state unemployment systems left dealing with an unprecedented number of claims. In Illinois, that’s led to a deficit in the Unemployment Insurance Trust Fund – or the pool of money used to sustain the social safety net – that could rise to $5 billion. Stakeholders from both political parties, as well as business and labor groups, are now warning of “crippling” tax increases on businesses and cuts to unemployment benefits that could result if the ongoing deficit goes unaddressed for too long.

Chicago Businesses Worry Recent Violence Could Sway Shoppers Not To Come Downtown

Chicago Businesses Worry Recent Violence Could Sway Shoppers Not To Come Downtown CBS Chicago 9 hrs ago Syndicated Local – CBS Chicago CHICAGO (CBS)  Heading into the weekend, Chicago shopping districts are bracing for trouble and calling on Mayor Lori Lightfoot for help. Store owners say violence last weekend could signal to shoppers not to come downtown anymore and affect everyone’s bottom line. Over the Fourth of July weekend in Chicago, massive crowds caused chaos, injuring two officers and leading to more than 60 arrests. “We are really lucky no one was murdered in the loop,” said Ald. Brian Hopkins. Coupled with the violence this summer, the viral images are not great tourism videos for the city.

Illinois unemployment deficit threatens to cripple businesses, claimants | Government and Politics

Illinois unemployment deficit threatens to cripple businesses, claimants | Government and Politics
herald-review.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-review.com Daily Mail and Mail on Sunday newspapers.

Unemployment deficit threatens to cripple businesses, claimants

Unemployment deficit threatens to cripple businesses, claimants
sj-r.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sj-r.com Daily Mail and Mail on Sunday newspapers.

Unemployment insurance fund fears $5B hole

Unemployment insurance fund fears $5B hole
thetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetelegraph.com Daily Mail and Mail on Sunday newspapers.

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