Well I agree with econostudent but you should also consider that UIUC hired three new faculty members (all macro guys) this year and the will hire more in the coming years. Further it seems as if they restructured somehow the PhD program and this might effect the performance on the job market in the coming years. I just compiled some of the recent placements of UIUC (although of course not extremely excellent I think it's not that bad):
Cal State Univ
Univer. De San Andres, Buenos Aires
LaSalle Univ
Univ. Carlos III De Madrid
The WEFA Group - Wharton Econometrics
Univ of Montana
Tufts Univ
Illinois State Univ
Surugadai Univ (Japan)
Asian Development Bank (Philipines)
Univ of Missouri
Ithaca College
The World Bank - DC
Cornell College
Korea Inst of Education and Technology
Ministry of Planning - Bangladesh
Lincoln Univ (New Zealand)
Peat Marwick
Consumer Product Safety Commission
Baker & McKenzie Law Firm
International Monetary Fund - DC
Pusat Informatika, Indonesia
Federal Reserve Bank - Cleveland
Central Bank - Colombia
all the best but I think I would choose a funded offer from UIUC over an unfunded offer from Boston. Just my :2cents: