May unemployment rate falls to 9.1 pct
Employers
add 11,800 private sector jobs in May
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[June 25, 2013]
CHICAGO -- The unemployment rate
fell to 9.1 percent in May, and Illinois businesses added 11,800
private sector jobs, according to preliminary data released last
week by the U.S. Bureau of Labor Statistics and the Illinois
Department of Employment Security.
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The seasonally adjusted data nets May's job growth at 5,600 when
subtracting temporary job declines as schools go on summer break.
Illinois added 54,900 private sector positions compared with last
year. "The encouraging news of private sector job growth shows
Illinois businesses are warming to the idea of adding new positions.
Growth in construction is particularly encouraging following a cold
and wet spring," said IDES Director Jay Rowell. "This year also
illustrates the volatile nature of the unemployment rate. Up in
January and February, unchanged in March, and then down again in
April and May. This trend likely will continue as national and
global events push consumer confidence."
Illinois has added 227,600 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 98,800; education and health
services, up 58,500; and trade, transportation and utilities, up
34,700. Government has lost the most jobs since January 2010, down
30,600.
In May 2013, the number of unemployed fell 11,600, or 1.9
percent, to 599,200. Total unemployed has fallen 153,000, or 20.3
percent, since early 2010, when the state unemployment rate peaked
at 11.3 percent for the months of January and February.
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The unemployment rate identifies those who are out of work and
seeking employment. Individuals who exhaust benefits, or are
ineligible, still will 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. This includes times of economic
growth and recession.
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See tables (PDF):
[Text from
Illinois
Department of Employment Security
file received from
the
Illinois Office of
Communication and Information]
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