ECONOMY: EMPLOYMENT AROUND THE STATE
Benjamin L. Varner, Chief Economist

This month the Commission examined employment growth around the State of Illinois over the last four years. Employment data from the Illinois Department of Employment Security was analyzed to compare job growth in the various metro areas in Illinois compared to the state and country as a whole. In addition, changes in the employment composition of the local economies were noted.

NOVEMBER REVENUES SLIP SLIGHTLY, BUT YEAR-TO-DATE TOTALS REMAIN SOLID
Eric Noggle, Revenue Manager

Revenues deposited into the State’s General Funds fell $243 million in November as compared to the
same month the prior year. The revenue declines were scattered throughout Illinois’ revenue sources
with the largest drops coming from Federal Sources and the Personal Income Tax…
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…Despite this month’s declines, FY 2024 revenues through November continue to be ahead of last
fiscal year’s pace. Overall, revenues deposited into the State’s General Funds are $368 million
higher. When removing “one-time” revenues related to Federal deposits and reimbursements, the
“base” growth through the first five months of the fiscal year is a solid +$499 million.