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Illinois unemployment rate, 1976–2021 US unemployment rate. Illinois counties by GDP in 2021 (chained 2012 US$) ... adjusted for inflation. 100 is the base, ...
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Other data series are available back to 1912. The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.
Since the pandemic, Illinois ranks 47th in the country in job growth and last among all neighboring states in job growth rate with only 1,200 more jobs than were available in January 2020, making ...
(The wage replacement rate is about 50% for minimum-wage workers in California.) ... March 2020, U.S. unemployment jumped to 14.8% a month later and brought ... coming out of the pandemic in 2021 ...
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 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. 'Pay your workers a living wage': Lawmakers consider ...
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]