Illinois Economy Shrinks 4% In 2020 Despite 4th Quarter Growth

SPRINGFIELD – The Illinois economy shrank by 4 percent in 2020 as the COVID-19 pandemic wreaked havoc on many of its sectors, although there were signs of a recovery taking place late in the year. Those preliminary numbers, released last week by the U.S. Department of Labor’s Bureau of Economic Analysis, showed that the leisure, hospitality and […]

State Unemployment Falls To 7.1% In March

SPRINGFIELD – The statewide unemployment rate in Illinois fell three-tenths of a percentage point in March, to 7.1 percent, as the daily count of new COVID-19 cases and the case positivity rate appeared to be leveling. The Illinois Department of Employment Security said Thursday that preliminary numbers show employers added 32,200 nonfarm jobs during the […]