Unemployment Rate Down in All Fourteen Metro Areas, Jobs Up in Eleven

The unemployment rate decreased over-the-year in October in all fourteen Illinois metropolitan areas, 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 eleven Illinois metropolitan areas, decreased in two, and was unchanged in one. Illinois businesses added jobs in eleven metro areas, with the largest percentage increases in: Champaign-Urbana (+2.8%, +3,200), Carbondale-Marion (+2.5%, +1,500), Kankakee (+1.5%, +700) and Lake-Kenosha, IL-WI (+1.5%, +6,400). The Chicago-Naperville-Arlington Heights metro division was up (+0.6%, +22,500). Total nonfarm jobs were down in Peoria (-0.8%, -1,500) and Davenport-Moline-Rock Island IA-IL (-0.1%, -100). The industry sectors recording job growth in the majority of metro areas included Transportation, Warehousing and Utilities (9 of 14), Education and Health Services (9 of 14), Government (9 of 14), and Leisure and Hospitality (8 of 14). Not seasonally adjusted data compares October 2019 with October 2018. The not seasonally adjusted Illinois rate was 3.6 percent in October 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 October 2019 and 10.6 percent in January 2010, at its peak. The unemployment rate identifies those individuals who are out of work and seeking employment.. Unemployment in Carbondale and Marion currently stands at 3.7%.

 

 

 

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