Statewide Unemployment Rate Unchanged, Payroll Jobs Stable in April

The Illinois Department of Employment Security (IDES) announced today that the unemployment rate remained at 7.1 percent, while nonfarm payrolls were about unchanged, up +300 jobs, in April, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The March monthly change in payrolls was revised from the preliminary report, down from +32,300 to +28,900 jobs. The March preliminary unemployment rate was unchanged from the preliminary report, remaining at 7.1 percent. 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. In April, the three industry sectors with the largest over-the-month gains in employment were: Leisure and Hospitality (+8,100), Government (+4,300) and Construction (+4,000). The industry sectors that reported monthly payroll declines were: Manufacturing (-7,800), Professional and Business Services (-4,900), Educational and Health Services (-2,800) and Trade, Transportation and Utilities (-2,800). The state’s unemployment rate was +1.0 percentage point higher than the national unemployment rate reported for April, which was 6.1 percent, up +0.1 percentage point from the previous month. The Illinois unemployment rate was down -9.4 percentage points from a year ago when it was at 16.5 percent. Compared to a year ago, nonfarm payroll employment increased by +408,400 jobs, with gains across most major industries. The industry groups with the largest jobs increases were: Leisure and Hospitality (+135,000), Trade, Transportation and Utilities (+107,800) and Professional and Business Services (+56,300). Illinois nonfarm payrolls were up +7.7 percent over-the-year as compared to the nation’s +10.9 percent over-the-year growth in April. The number of unemployed workers rose slightly from the prior month, a +0.5 percent increase to 438,100, but was down -56.0 percent over the same month for the prior year. The labor force was up +0.3 percent over-the-month and +2.0 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. In May 2020, Governor Pritzker launched Get Hired Illinois, a new one-stop-shop website to help connect job seekers with hiring employers in real time. The site features virtual job fairs, no-cost virtual training, and includes Illinois Job Link (IJL), the state’s largest job search engine, which recently showed 38,110 posted resumes with 119,634 available jobs.

 

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