December unemployment falls to 8.6 percent
drops for fourth consecutive month
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[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.
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
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 29,200.
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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.
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:
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Illinois Department of
file received from the
Illinois Office of Communication and Information]