U.S. Chamber: Strict business regulations constrict job growth in Illinois

Filed under Economy, News digest

 A new report by the U.S. Chamber of Commerce suggests states with more business regulations might be constricting employment growth and business formation. By reducing labor and employment regulation, states could generate about 750,000 new jobs nationwide and 50,000 new firms, the report concludes.

The report’s state-by-state review gives Illinois a “poor” rating, due to economic policies that impact job growth. It lists Illinois’ employment discrimination laws, restrictions on employer inquiries into applicant history and a high rate of private-sector union membership as factors working against job creation. But some experts question the results, claiming the survey didn’t factor in education, infrastructure investment and government business subsidies when placing states into the “good,” “fair” and “poor” tiers, RemappingDebate.org reported.

— Hallie Busta

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