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 The state’s unemployment rate is higher than the national
unemployment rate reported for June, which fell from the prior month
to 5.3 percent. The BLS revised May data, which showed a smaller
increase in Illinois’ job gain from a preliminary +9,200 to +7,400.
According to the Department, Illinois’ labor force has decreased by
33,600 people and the number of Illinois residents employed from
that time has declined by 17,600, since January 2015. IDES analysts
estimate that the number of jobs in Illinois will not reach
pre-recession levels until approximately September 2016.
“The drop in the number of unemployed Illinois residents since the
beginning of this year is not entirely attributable to people
finding jobs, rather to people leaving Illinois’ workforce
altogether,” said IDES Director Jeff Mays. “This factor must be
considered when highlighting lower unemployment numbers.”
In June, the three industry sectors with the largest gains in
employment were: Trade, Transportation and Utilities (+4,500),
Financial Activities (+2,200) and Educational and Health Services
(+1,000). The three industry sectors with the largest declines in
employment were Construction (-4,700); Other Services (-3,200); and
Leisure and Hospitality (-3,100).
Over the year, nonfarm payroll employment increased by +47,500 jobs
with the largest gains in Professional and Business Services
(+23,500); Education and Health Services (+15,800); and Trade,
Transportation and Utilities (+14,500). Three key sectors posted
over-the-year declines in June: Manufacturing (-6,300); Financial
Activities
(-2,600) and Government (-2,600).
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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. IDES’ IllinoisJoblink(IJL) program,
which helps jobseekers connect with hiring companies, recently
showed that 172,550 help wanted ads were available and 58,542
resumes were posted. The Department continues its efforts to help
spur job growth in Illinois as many positions continue to remain
unfilled.
In June, the unemployment rate stood 1.0 percentage points below the
unemployment rate a year ago when it was 6.9 percent. The number of
unemployed workers decreased 2.5 percent from the prior month to
382,400 and was down -14.5 percent over the same month for the prior
year.
“As jobs continue to leave Illinois, we need to focus on enacting
reforms to reinvigorate our business climate and create greater
economic opportunities for all Illinois families,” Illinois
Department of Commerce and Economic Opportunity Director Jim Schultz
said. “Without lasting structural reform Illinois will continue to
lag behind other states in job growth and our economic recovery.”
[Illinois Department of Employment
Security]
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Seaonally
Adjusted Unemployment Rates
Illinois Seasonally adjusted Nonfarm Jobs – by Major Industry
Notes:
·
Monthly 1976-2014 labor force data for Illinois, and all other
states, have been revised using new, fourth generation state
time-series models, as required by the U.S. Bureau of Labor
Statistics (BLS). The monthly historical revisions to state labor
force estimates reflect new national benchmark controls, state
working-age population controls, seasonal factors, as well as
updated total nonfarm jobs and unemployment benefits claims inputs.
Illinois labor force data were also smoothed to eliminate large
monthly changes as a result of volatility in the monthly Census
Population Survey (CPS) and national benchmarking. For these
reasons, comments and tables citing unemployment rates in previous
state news releases/materials might no longer be valid.
·
Monthly seasonally adjusted unemployment rates for Illinois and the
Chicago-Naperville-Arlington Heights Metropolitan Division are
available at:
http://www.ides.illinois.gov/LMI/Pages/Illinois_Chicago_Metropolitan_Area_Unemployment_Rates.aspx
·
Not seasonally adjusted jobs data with industry detail are available
at
http://www.ides.illinois.gov/LMI/Pages/CES.aspx
“Other Services” include activities in three broad categories:
Personal and laundry; repair and maintenance; and religious, grant
making, civic and professional organizations. Seasonally adjusted
employment data for subsectors within industries are not available.
About IDES
IDES connects
employers to job-seekers, helps unemployed individuals find work,
provides unemployment insurance to eligible individuals, produces
labor market data and protects taxpayers from unemployment insurance
fraud. Visit the Department’s website at
www.ides.illinois.gov
and join IDES on
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