The latest U.S. Census data for the state of Illinois shows small businesses are leading the way in terms of job growth as they added more than 51,000 jobs in 2022.
According to the U.S. Department of Labor, unemployment claims in November for Illinois increased by over 1,300 for the week ending Nov. 18. Those claims are the fourth highest in the country during that week.
Despite Illinois historically trailing the national average in terms of total unemployment rate, Illinois Policy Institute Dylan Sharkey said businesses with under 50 employees have been able to grow.
“Small businesses are critical to Illinois’ economy. They are responsible for most of the new jobs created,” Sharkey told The Center Square. “Businesses with 50 employees or fewer…