December unemployment falls to 8.6 percent
drops for fourth consecutive month
Send a link to a friend
[January 28, 2014]
CHICAGO — The December
unemployment rate fell for the fourth consecutive month to reach 8.6
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. Nonfarm
payrolls decreased 3,200 in December, but Illinois has 62,200 more
jobs than one year ago.
Bitter cold pushed down employment here and across the country, snapping seven
consecutive months of job growth. The 8.6 percent rate is the lowest since
December 2012, when it also was 8.6 percent. Prior to that, the last time the
rate was at or below 8.6 percent was February 2009, when it was 8.5 percent. At
the time, Illinois was in the middle of the Great Recession and reported nearly
two consecutive years of monthly job loss.
"Although the bitter cold and snow
temporarily interrupted seven consecutive months of job growth, the fundamentals
of our economy remain sound and reflect moderate economic expansion moving
forward," said IDES Director Jay Rowell.
Illinois employers in December advertised online for more than 215,000
individual job openings, according to the independent Conference Board and IDES.
Ninety-two percent of the advertisements were for full-time work, including
truck drivers with median hourly wages of $20.57 and extending up through
marketing managers at $48.78.
Illinois has added 280,100 private sector jobs since January 2010, when job
growth returned following nearly two years of consecutive monthly declines.
Leading growth sectors are professional and business services, up 117,400;
trade, transportation and utilities, up 64,100; and education and health
services, up 59,200. Government has lost the most jobs since January 2010, down
Since January 2010, when compared with the previous month, Illinois recorded
job growth in 35 months and job loss in 13. The unemployment rate fell in 28
months, increased in nine and was unchanged in 11.
[to top of second column]
The number of unemployed individuals fell in December for the fifth
consecutive month, dropping 2,000, or 0.4 percent, to 565,300. Total
unemployment has fallen 186,900, or 24.8 percent, since early 2010,
when the state unemployment rate peaked at 11.3 percent for the
months of January and February.
The unemployment rate identifies those who are out of work and
seeking employment. Individuals who exhaust 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.
See tables listed below:
Web page |
Illinois Department of
file received from the
Illinois Office of Communication and Information]