Illinois Job Market Crisis: Worst in Nation
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Illinois job market is in crisis, with a significant loss of jobs and a high worker-to-job ratio, ranking it seventh worst in the country. The states workforce has shrunk, and labor force participation has dropped, indicating deeper issues. The Illinois Policy Institutes Josh Bandoch attributes this to Springfields decisions, citing a lack of pro-growth economy, tax code, and budget. Illinois high regulation, with over double the rules of the average state and eight times more than the least regulated state, is a major factor, particularly in Chicago. Bandoch warns of worsening outmigration unless there are significant policy changes to improve the business climate and create more jobs.
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