The way economists define “recession,” the last one has been over for more than two years. Good luck convincing everyone of that. A new report from the Social Impact Research Center, part of the Chicago-based Heartland Alliance for Human Needs and Human Rights, indicates the recovery has not happened – with the percentage of Illinoisans in poverty rising from 12 percent to 14 percent since the start of the recession, in December 2007. The poverty level for a family of four is $22,000.
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“Illinois has not replaced the jobs lost during the recession,” says the center’s Amy Rynell. “We estimate that Illinois needs to add 530,000 new jobs to fill the job gap.”