Illinois Unemployment Rate Rises to 16.4% Amid COVID-19 Pandemic

The Illinois Department of Employment Security (IDES) announced today that the unemployment rate jumped +12.2 percentage points to 16.4 percent, while nonfarm payrolls shed -762,200 jobs in April, as the COVID-19 pandemic continued to impact Illinois businesses and households, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The monthly unemployment rate rose to a new record high since current methodologies were enacted in 1976 and the monthly decline in nonfarm payroll jobs also set a record. The March monthly change in payrolls was revised from the preliminary report from -34,100 to -60,900 jobs. The March unemployment rate was also revised from the preliminary report, from 4.6 percent to 4.2 percent, as a result of a downward revision to the number of people in the labor force in March. The April payroll jobs estimate and unemployment rate reflects activity for the week including the 12th. The BLS has published FAQs for the April payroll jobs and the unemployment rate. The state’s unemployment rate was +1.7 percentage point higher than the record high national unemployment rate reported for April, which was 14.7 percent, up +10.3 percentage points from the previous month. The Illinois unemployment rate was up +12.2 percentage points from a year ago when it was 4.2 percent. The three-month average Illinois payroll employment estimate was down -278,200 jobs during the February to April three-month period, compared to the January to March three-month period. The largest average declines were found in Leisure and Hospitality (-107,800), Trade, Transportation and Utilities (-37,700) and Professional and Business Services (-36,800). Compared to a year ago, nonfarm payroll employment decreased by -822,800 jobs, with losses across all major industries. The industry groups with the biggest jobs decreases were: Leisure and Hospitality (-320,500), Professional and Business Services (-119,800) and Trade, Transportation and Utilities (-110,000). Illinois nonfarm payrolls were down -13.4 percent over-the-year as compared to the nation’s -12.9 percent over-the-year decline in April. The number of unemployed workers increased dramatically from the prior month, a +280.3 percent increase to 1,004,400, a new record high, and was up +270.6 percent over the same month for the prior year. The labor force was down -2.9 percent over-the-month and -5.2 percent over-the-year. The unemployment rate identifies those individuals who are out of work and seeking employment.An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work. IDES maintains the state’s largest job search engine, Illinois Job Link (IJL), to help connect jobseekers to employers who are hiring, which recently showed 186,374 posted resumes with 62,412 jobs available.



Photo Gallery