Illinois is a year past its lowest point in terms of job losses and it’s recovering slower than all but a handful of states.
A new analysis of federal j
Normal, IL, USA / www.cities929.com
May 25, 2021 | 2:42 PM
(The Center Square) – Illinois is a year past its lowest point in terms of job losses and it is recovering slower than all but a handful of states.
A new analysis of federal jobs data by the Illinois Policy Institute shows Illinois has added 408,400 jobs (+7.7%) since April 2020, or 7.7% of the jobs lost since then.
The only states adding a lower percentage of jobs were Nebraska (+7.5%), Louisiana (+7.5%), Iowa (+7.4%), Oklahoma (+5.9%), Wyoming (+4.7%) and New Mexico (+4.2%), the report said.
“Employment levels in Illinois remain 424,800 below their pre-pandemic peak in January 2020, meaning Illinois has regained fewer than half the jobs it lost during the pandemic,” the report said. “As a result, Illinois is battling one of the highest unemployment rates in the nation.”
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By Kevin Bessler - Illinois Radio Network
As the Illinois economy slowly picks up steam, businesses are struggling to find workers.
The National Federation of Independent Business Small Business Optimism Index rose to 99.8 in April, an increase of 1.6 points from March, but a record 44% of owners reported job openings they could not fill.
NFIB state director Mark Grant said several factors may contributing to the worker shortage, including child care responsibilities, and enhanced unemployment benefits.
“An extra $300 per week from the federal government on top of state unemployment benefits are perhaps one of the things keeping people from reentering the workforce,” said Grant.
(The Center Square) – As the Illinois economy slowly picks up steam, businesses are struggling to find workers. The National Federation of Independent Business Small Business Optimism Index rose to 99.8 in April, an inc.