Unemployment Rates Up, Jobs Down in February for Every Metro Area

The number of nonfarm jobs decreased over-the-year in all fourteen Illinois metropolitan areas in February, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). The unemployment rate increased over-the-year in all metro areas. The official, BLS approved sub-state unemployment rate and nonfarm jobs series begins in 1990. Data reported prior to 1990 are not directly comparable due to updates in methodology. IDES is committed to transitioning claimants between programs as seamlessly as possible to ensure individuals receive as little disruption to services during this uncertain period.”The number of nonfarm jobs decreased in all fourteen Illinois metropolitan areas.  The metro areas which had the largest over-the-year percentage decreases in total nonfarm jobs were the Chicago-Naperville-Arlington Heights Metropolitan Division    (-8.8%, -330,200), the Elgin Metro Division (-8.2%, -21,000) and the Kankakee MSA (-8.1%, -3,700). Three metro areas recorded their lowest total nonfarm jobs for the month of February on record (dating back to 1990). Over-the-year, the unemployment rate increased in all 14 metropolitan areas; the metro areas with the largest unemployment rate increases were the Chicago-Naperville-Arlington Heights Metropolitan Division (+5.1 points to 8.8%), the Rockford MSA (+4.8 points to 9.7%) and the Decatur MSA (+4.0 points to 8.4%). The not seasonally adjusted Illinois unemployment rate was 7.8 percent in February 2021.  Nationally, the not seasonally adjusted unemployment rate was 6.6 percent in February 2021.

 

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