Here's why Illinois' job market ranked below-average, according to new report
The Land of Lincoln was recently ranked below-average for employment, while neighboring Missouri performed much better. Financial publication WalletHub’s Oct. 28 report, “ Best & Worst States for Jobs ,” named Illinois the 33rd best state for employment, while Missouri ranked 14th. To compare each state for employment, WalletHub used metrics related to the job market and economic environment. Sources included the U.S. Census Bureau, the Bureau of Labor Statistics, job search site Indeed.com and more. Illinois ranked 37th for the job market category , which included metrics such as the number of job openings, employment growth, job security and unemployment rate. The state landed in 30th for its economic environment , which covered metrics like median annual income, share of workers living in poverty and share of workers with multiple jobs. “Living in one of the best states for jobs can provide stable conditions for the long-term, helping you ride out the fluctuations that the economy will experience in the future,” WalletHub analyst Chip Lupo said in the report. “The best states for jobs make it easier for residents to find and retain jobs, and employers in these states also offer very competitive compensation and benefits. In addition, the
