Illinois’ labor force participation rate is the lowest it's been in decades, according to the Commission on Government Forecasting and Accountability. During a hearing Tuesday about several recent COGFA reports, COGFA Chief Economist Ed Boss Jr. said the state’s labor force participation rate -- the number of people employed or actively looking for work -- is the lowest it’s been since the late 1970s.
Click here for Boss' comments
Meanwhile Boss says if those who have stopped looking for word reenter the labor force the unemployment rate would increase. Illinois already has a higher unemployment rate that the rest of the country and the rest of the Midwest. The hearing highlighted the state’s struggling manufacturing sector and the state’s slowest growth since World War II.