Job cuts are increasing in Illinois while wage growth is diminishing

Published August 7, 2024 7:59am ET



(The Center Square) – Job cuts and unemployment rates are going up in Illinois, while workers’ wage growth is slowing.

According to Worker Adjustment and Retraining Notification, or WARN, reports, 1,169 Illinois workers were laid off in July. It marked the third straight month the number of layoffs has increased.

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