Statewide Payroll Jobs Up, Small Increase in Unemployment Rate Up in June

The Illinois Department of Employment Security (IDES) announced today that the unemployment rate rose +0.1 percentage point to 7.2 percent, while nonfarm payrolls increased +12,500 in June, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The May monthly change in payrolls was revised from the preliminary report, from -7,900 to +4,300 jobs. The May preliminary unemployment rate was unchanged from the preliminary report, remaining at 7.1 percent.

The June payroll jobs estimate and unemployment rate reflects activity for the week including the 12th. The BLS has published FAQs for the June payroll jobs and the unemployment rate.In June, the three industry sectors with the largest over-the-month gains in employment were: Leisure and Hospitality (+10,700), Trade, Transportation and Utilities (+3,400), and Construction (+2,100). The industry sectors that reported the largest monthly payroll declines were: Professional and Business Services (-3,700), Manufacturing (-2,500) and Information (-200). The state’s unemployment rate was +1.3 percentage points higher than the national unemployment rate reported for June, which was 5.9 percent, up +0.1 percentage point from the previous month. The Illinois unemployment rate was down -7.0 percentage points from a year ago when it was at 14.2 percent. Compared to a year ago, nonfarm payroll employment increased by +310,100 jobs, with gains across most major industries. The industry groups with the largest jobs increases were: Leisure and Hospitality (+118,900), Trade, Transportation and Utilities (+61,600) and Professional and Business Services (+47,500).  The industry groups with jobs losses were: Manufacturing (-6,500), Mining (-200) and Financial Activities (-100). In June, total nonfarm payrolls were up +5.7 percent over-the-year in both Illinois and the nation. The number of unemployed workers was up from the prior month, a +1.4 percent increase to 443,500, and was down -50.9   percent over the same month for the prior year. The labor force was up +0.4 percent over-the-month and was down -2.7 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 37,692 posted resumes with 127,884 available jobs.

 

 

 

 

 

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