Illinois Policy On COVID-19’s Economic Impact To The State
Nearly 1.5 million Illinoisans are at risk of losing their jobs or facing reduced hours during the global outbreak.
Original analysis by the nonpartisan Illinois Policy Institute found industries most affected by social distancing and shelter-in-place safety measures contribute more than $100 billion to the state’s annual economic activity and employ 24% of all Illinoisans.
Meanwhile, businesses directly affected by COVID-19-mandated shutdowns, such as arts, entertainment, recreation, accommodation and food service companies, generated more than $37 billion for Illinois’ economy in 2019, or an average of about $103 million per day.
Tuesday morning, Illinois Policy's Chief Economist, Orphe Divounguy, joined the WROK Morning Show to discuss his analysis, and share what the state can do to make this better for Illinois citizens: