Economy
The dollar gross state product for Illinois was estimated to be US$652 billion in 2010. The state's 2010 per capita gross state product was estimated to be US$45,302, and the state's per capita personal income was estimated to be US$41,411 in 2009.
As of March 2010, the state's unemployment rate was 11.5%, which fell to 9.9% by August 2011.
Because of a high "per-taxpayer" burden ($31,600), and under-reported pension and retirement healthcare liabilities, in 2012 IFTA declared Illinois a "Bottom 5 Sinkhole State".
Read more about this topic: Illinois
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)