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Skip to comments.Illinois Loses Most Jobs in Nation Following Tax Hikes
Posted on 09/01/2011 8:19:49 AM PDT by Kaslin
Thanks to Illinois governor Pat Quinn and the Illinois legislature Illinois Loses Most Jobs in the Nation
In a trend that continues to worsen, more Illinoisans found themselves unemployed in the month of July.Inquiring minds may also wish to check out the foreclosure pipeline in Illinois, 7th worst in the nation at 128 months (over 10 years).
Illinois lost more jobs during the month of July than any other state in the nation, according to the most recent Bureau of Labor Statistics report. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm payroll jobs in July. The report also said Illinoiss unemployment rate climbed to 9.5 percent. This marks the third consecutive month of increases in the unemployment rate.
Illinois started to create jobs as the national economy began to recover. But just when Illinoiss economy seemed to be turning around, lawmakers passed record tax increases in January of this year. Since then, Illinoiss employment numbers have done nothing but decline.
When it comes to putting people back to work, Illinois is going backwards. Since January, Illinois has dropped 89,000 people from its employment rolls.
A combination of high taxes, overspending and red tape do nothing but chase away job creators and leave too many citizens without jobs. Springfield needs to act now and reverse course.
Hmmm, there may be a correlation between taxes and unemployment .... let’s raise taxes AGAIN and see what happens? < /s>
State lawmakers send electric rate bill to Quinn
Updated: August 31, 2011 10:04PM
Legislation to raise electric rates to help pay to modernize Illinois power grid was sent Monday to Gov. Pat Quinn, who repeatedly has promised to veto it, while sponsors are confident they can override him if he follows through with his threat.
Its the latest battle over a bill that has raised the hackles of consumer groups because of rate increases they say are overly generous to utility companies and supporters of the measure contend are needed to finance a so-called modern Smart Grid that can monitor energy use and reduce waste. The $3 billion, 10-year plan also would give ComEd and Ameren money for basic infrastructure.
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