By: Diane Benjamin
The Illinois Department of Employment Security issued the January report last week. The paper did a story, the rest of the media mostly ignored it or didn’t report the numbers.
While Peoria gained 4,400 jobs comparing January 2018 and January 2019, Bloomington-Normal LOST 1,600. That is a lot of jobs that no longer exist. That is a lot of people without money to spend at local establishments. How many were highly compensated jobs at State Farm?
The unemployment rate in McLean County is now 5.4%. http://www.ides.illinois.gov/lmi/Pages/Local_Area_Unemployment_Statistics.aspx
Click on the link and look at the County map. The National unemployment rate is lower, many surrounding counties are even higher than McLean.
What is Illinois and the local response? Raise taxes even higher. Yes, who you vote for matters, so does not voting! The more taxes increase the faster the death spiral accelerates. People are still leaving Illinois for states like Tennessee where property taxes are 1/4 of here with no income tax. No, they don’t make it up with other taxes, the sales tax rate is about the same. Lower tax states spend less and don’t have massive pension debt.