No state is immune from the negative effects of an economic downturn, but Illinois is more prepared today than it was for the Great Recession of 2007-2009 or the COVID-19 recession of 2020 ...

Illinois is not alone in dealing with these issues. Many are expecting budget imbalances next year, ... MPP is an economist at the nonpartisan Illinois Economic Policy Institute. 0 Article Comments.

Overall, the study ranked Illinois 40th for its state economy but dead last in the economic health category. “Fifty-one out of 50 states and Washington, D.C. ,” said Lugo.

With Durbin stepping down, top Democrats compete for his seat — and his mantle as an advocate for downstate Illinois.

New homes under construction on May 14, 2025, in Hampshire. Illinois has a shortage of about 142,000 housing units and must build 227,000 in the next five years to keep pace with demand, a report ...

But if a recession does hit, Illinois is ready to cushion the fall, a new economic study found. The state is in better shape ...

Inflation and the economy were key issues during the recent presidential campaign, with divergent views on which party’s platform was more likely to put the U.S. on the road to recession.

The current Illinois economic story includes higher unemployment, store closings, layoffs and inflation. The state’s jobless rate rose to 5% in June.

WEST FRANKFORT — The Old King Coal Festival is still held here every year, though coal is no longer king. This community in deep southern Illinois was once awash with so-called black diamonds ...

Illinois ranks 44 th in this area overall, and its tax rank is especially low at 46. According to the Tax Foundation, Illinois’s state and local tax burden is 12.9% of its share of national output.

The result of the coal decline is a shifting economy and a shrinking population. ... Illinois coal towns face economic challenges. NAT WILLIAMS Illinois Farmer Today Nov 11, 2021 ...