Illinois adds 16,400 jobs and rate falls to 8.7 pct
November
monthly job gain largest of the year
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[December 26, 2012]
CHICAGO -- Illinois added 16,400
jobs in November and the unemployment rate fell to 8.7 percent,
according to preliminary data released last week by the U.S. Bureau
of Labor Statistics and the Illinois Department of Employment
Security. The data is seasonally adjusted. One year ago, the
November unemployment rate was 9.8 percent.
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"November's job growth is encouraging because it reinforces the trend of
positive economic momentum," said IDES Director Jay Rowell. "The most immediate
threat to that momentum is the fiscal cliff. If Congress does not work together
to craft a solution, our economic progress will slow and we will risk another
recession." Illinois added 174,600 private sector jobs since January 2010,
when job growth returned to Illinois following nearly two years of consecutive
monthly losses. Leading growth sectors are professional and business services,
up 84,800; manufacturing, up 45,100; and education and health services, up
42,000. Government has lost the most jobs since January 2010, decreasing by
28,800.
November job gains were driven by trade, transportation and utilities,
professional and business services, and manufacturing. The latter two industries
not only led payroll growth in November but also were the two strongest
contributors to employment growth in 2012 thus far.
In November, the number of unemployed individuals fell 6,600, or 1.1 percent,
to 574,600, the 12th monthly decline in 15 months. Total unemployed declined
178,200, or 23.7 percent, since January 2010, when the state unemployment rate
peaked at 11.4 percent.
The unemployment rate identifies those who are out of work and seeking
employment. Individuals who exhaust their benefits, or are ineligible, will
still be reflected in the unemployment rate if they actively seek work.
Historically, the national unemployment rate is lower than the state rate. The
state rate has been lower than the national rate only six times since January
2000.
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There are 120,000 help-wanted ads on
Illinoisjoblink.com, the IDES employment
website that links job seekers with employers. This no-cost career resource
allows individuals to create multiple resumes that emphasize different talents
and allows businesses to search for specific skills. The keyword-matching
technology increases the likelihood of a successful new hire.
Illinoisjoblink.com emphasizes Illinois jobs, scrapes other job boards and
compares favorably with private efforts that cost hundreds of dollars for a
single advertisement. No-cost human resources recruitment services are available
there and at 877-342-7533.
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See tables (PDF): Seasonally Adjusted
Unemployment Rates and Illinois Seasonally Adjusted Non-farm Jobs --
by Major Industry
[Text from
Illinois
Department of Employment Security
file received from
the
Illinois Office of
Communication and Information]
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