Illinois’ economy shed 5,200 jobs in August, the first drop in 2018 – IL Policy

Despite job losses, Illinois’ unemployment rate fell to 4.1 percent in August from 4.2 percent in July. This implies the state’s labor force is shrinking.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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