Job growth in Illinois has slowed under Governor Bruce Rauner, new data from the Bureau of Labor Statistics show. During the first three years of his administration, job growth has fallen to 2.29 percent.
That number is half the national job growth rate of 4.82 percent. While job growth under Governor Pat Quinn was also lagging behind the national rate, it topped Rauner’s record, with 3.57 percent growth.
Data has consistently shown that Rauner’s economic record is different than what he tries to portray on the campaign trail. Experts attribute the governor’s more than two-year budget impasse as a significant reason that the economy is suffering.
Illinois lost 1,100 jobs in November, according to an announcement from the Illinois Department of Employment Security (IDES), though the unemployment rate was unchanged. The job growth rate was just 0.4% over the year, below the national job growth rate of 1.4%.
Further, November’s University of Illinois Flash Index, a monthly indicator of the state’s economy based on the state’s tax receipts and consumer spending, again showed Illinois’ economic growth slowing further under Rauner. The index was at its lowest level in five years, according to economist J. Fred Giertz, who pointed at the fiscal issues resulting from the state’s more than two-year budget crisis under Rauner.
In September, Illinois suffered the worst job loss since August 2009, in the middle of the economic crisis. Looking specifically at manufacturing jobs, Illinois has lost more than 16,000 durable goods manufacturing jobs since Governor Rauner took office in 2015.