Illinois’ job market remains sluggish, with an unemployment rate of 5.2% in December, the third highest in the nation. Approximately 340,000 residents were actively seeking work, outpacing only California and Nevada in unemployment. The national rate was 4.1%.
In 2024, Illinois added 56,000 jobs, but its growth rate of 0.92% lagged behind the national average of 1.42%. The state saw gains in government jobs and private education and health services, but key sectors such as manufacturing and finance experienced declines.
Illinois’ post-pandemic recovery remains weak, ranking 46th in the nation with only a 0.25% increase in jobs since January 2020. High taxes, a burdensome business environment, and rising housing costs are contributing to the state’s sluggish economic performance.
State Senator Sue Rezin believes the key to reversing Illinois’ sluggish job market lies in comprehensive tax reform and fiscal responsibility, emphasizing the need to lower taxes, simplify regulations, and address the state’s budget and pension issues. By providing real relief to businesses and working families, Illinois can foster job growth, attract skilled workers, and restore economic vitality.