By: Diane Benjamin
Unemployment numbers for January 2017 are now available on the Illinois Department of Employment Security website:
Unemployment is on the way up in Bloomington-Normal. The first column is Jan-17 – then Dec-16 the Jan-16.
Of course the closing of Mitsubishi has hurt the local economy, but local governments still hasn’t figured out it will reverberate through the economy. Suppliers have closed, meaning more job loses. All former employees now have less money to spend, that means local businesses will have less revenue which means they will have less money to spend. The process will repeat over and over.
All of this results in less income to government.
The new Bloomington budget calls for millions in more spending and the hiring of additional staff.
Tax incentives have been handed out for mostly low wage jobs.
April 4th adults need to be put in charge of Bloomington and Normal.