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Illinois’ minimum wage is rising from $14 per hour to $15 on Jan 1, the final increase in a series of annual increases from a law Gov. J.B. Pritzker signed in February of 2019.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
Illinois unemployment rate, 1976–2021 US unemployment rate. Illinois counties by GDP in 2021 (chained 2012 US$) ... adjusted for inflation. 100 is the base, ...
Illinois counties by GDP (2021) As of 2022, the gross state product for Illinois reached US$1.0 trillion. [151] As of February 2019, the unemployment rate in Illinois reached 4.2%. [152] Illinois's minimum wage will rise to $15 per hour by 2025, making it one of the highest in the nation. [153]
The upgraded pay would mean those receiving the state tipped wage of $8.40 would earn the state minimum wage of $15 starting Jan. 1, 2025. ... sub-minimum wage in Illinois during a press ...
A state's minimum wage is the lowest legal hourly rate that an employer can pay full-time or part-time employees. What Is the Minimum Wage in Illinois? The current minimum wage in Illinois is $12 ...
State law determines individual state unemployment insurance tax rates and taxable wage bases. [14] Although FUTA mandates a taxable wage base of $7,000 per employee, only Arizona, California, and Puerto Rico use this minimum as of 2020. [21] The taxable wage base ranges significantly, with Washington using the highest amount of $52,700. [22]
(The Center Square) – Unemployment in Illinois climbed to 5.3% in October, making the state home to the third highest jobless rate in the country. All told, some 346,000 residents were left ...