The Illinois Labor Market After the Great Recession: The Economy Improves, but Long-term Unemployment Remains High
by Rich Reinhold
The Illinois economy continues to show signs of improvement two years after the so-called Great Recession ended in June 2009. Illinois has added more than 64,000 total nonfarm jobs in 2011 alone, while its unemployment has fallen more than 2 percentage points since January 2010. Nonetheless, despite this good news, there remains a large portion of the unemployed who struggle to find employment even after job searches lasting six months or longer.