Unemployment Rate Down in Twelve Metro Areas, Jobs Up in Thirteen

The unemployment rate decreased over-the-year in September in twelve Illinois metropolitan areas, increased in one, and was unchanged in one according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). Data also shows the number of nonfarm jobs increased in thirteen Illinois metropolitan areas and decreased in one. Illinois businesses added jobs in thirteen metro areas, with the largest percentage increases in: Carbondale-Marion (+2.7%, +1,600), Lake-Kenosha, IL-WI (+2.6%, +10,900) and Champaign-Urbana (+2.4%, +2,700). The Chicago-Naperville-Arlington Heights metro division was up (+0.7% or +27,600). Total nonfarm jobs were down in the Peoria MSA (-0.8%, -1,500). The industry sectors recording job growth in the majority of metro areas included Mining and Construction (11 of 14), Education and Health Services (10 of 14), Government (10 of 14), Transportation, Warehousing and Utilities (9 of 14), Leisure and Hospitality (9 of 14) and Manufacturing (8 of 14). Not seasonally adjusted data compares September 2019 with September 2018. The not seasonally adjusted Illinois rate was 3.6 percent in September 2019 and stood at 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the not seasonally adjusted unemployment rate was 3.3 percent in September 2019 and 10.6 percent in January 2010 at its peak. The unemployment rate identifies those who are out of work and looking for work and is not tied to collecting unemployment insurance benefits. Last month unemployment stood at 3.7% in both the Carbondale and Marion areas. It was down from 4.5% at this point last year.

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