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:
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)