Close
State, national unemployment spikes amid COVID-19 outbreak State, national unemployment spikes amid COVID-19 outbreak

State, national unemployment spikes amid COVID-19 outbreak

More than 114,000 Illinoisans filed first-time unemployment claims last week. Nationally, more than 3 million people reported losing their jobs, the biggest one-week surge on record.

State officials warn of possible looming recession State officials warn of possible looming recession

State officials warn of possible looming recession

A commission that advises the General Assembly on revenue and economic issues is warning that a slowdown of business activity caused by the COVID-19 outbreak is likely to bring about a recession that could cause a 20 percent drop in state revenues, spread out over a number of fiscal years.

RSS
First6768697072747576Last
Terms Of UsePrivacy Statement Code of Ethics Copyright 2024 by Capitol News Illinois
Back To Top