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Illinois Adds 4,800 Jobs and Rate Holds at 8.8 Percent

11/16/2012

For Immediate Release | Greg Rivara, Phone: (312) 814-0095 (pdf version)

CHICAGO - Illinois added +4,800 jobs in October and the unemployment rate held at 8.8 percent for the second consecutive month, according to preliminary data released today by the U.S. Bureau of Labor Statistics and IDES. The data is seasonally adjusted. One year ago, the October unemployment rate was 10 percent.

"Job growth and an unemployment rate significantly lower than one year ago shows steady economic progress," IDES Director Jay Rowell said. "Our eyes now turn toward Congress. Decisions must be made regarding the fiscal cliff so that Illinois' economy can continue to recover."

Illinois added +158,200 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 (+78,400); Manufacturing (+43,300); and Education and Health Services (+42,100). Government has lost the most jobs since January 2010, down -27,200.

October 2012 job gains were driven by the Leisure and Hospitality, and Education and Health Services sectors. Manufacturing added +900 jobs in October, and manufacturing payrolls are up +20,000 in the first 10 months of this year. This is nearly twice as strong as 2010 and more than double the gain posted in 2011 for the same 10-month period.

In October 2012, the number of unemployed individuals fell -1,100 (-0.2 percent) to 581,300, the 11th monthly decline in 14 months. Total unemployed declined -171,500 (-22.8 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. A person who exhausts benefits, or is 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.

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 to private efforts that cost hundreds of dollars for a single advertisement. No-cost HR recruitment services are available there and at (877) 342-7533.

Seasonally Adjusted Unemployment Rates

October
2012
September
2012
October
2011
3-Month
Moving Avg.
Illinois 8.8% 8.8% 10.0%* 8.9%
U.S. 7.9% 7.8% 8.9%* 7.9%
* Revised

Illinois Seasonally Adjusted Non-farm Jobs - by Major Industry

Industry Title October
2012*
September 2012** October
2011**
Over the Month Change Over the Year Change 3-Month
Moving Avg.
Change from
Previous 3-Month
Mov. Avg.
Total Nonfarm 5,712,600 5,707,800 5,674,800 4,800 37,800 5,706,000 7,900
Mining 9,600 9,700 9,700 -100 -100 9,700 -100
Construction 185,100 184,100 192,000 1,000 -6,900 184,400 100
Manufacturing 596,900 596,000 575,700 900 21,200 596,800 -300
Trade, Transportation, & Utilities 1,132,700 1,133,400 1,140,200 -700 -7,500 1,134,500 -1,700
Information 96,800 97,400 100,500 -600 -3,700 97,900 -1,200
Financial Activities 366,700 366,700 362,400 0 4,300 366,400 700
Professional and Business Services 858,200 859,200 838,500 -1,000 19,700 857,500 1,100
Educational and Health Services 863,700 861,100 856,500 2,600 7,200 861,200 3,300
Leisure and Hospitality 536,200 533,500 518,600 2,700 17,600 533,300 3,000
Other Services 238,400 238,500 246,200 -100 -7,800 238,500 500
Government 828,300 828,200 834,500 100 -6,200 825,900 2,500
* Preliminary ** Revised

Notes:

  • Illinois monthly labor force, unemployed and unemployment rates for years 2007-2011 have been revised as required by the U.S. Bureau of Labor Statistics. In February of each year, monthly labor force data for all states are revised to reflect updated Census population controls, seasonal factors, non-farm jobs and unemployment insurance claims inputs. Data were smoothed to eliminate large monthly changes as a result of volatility in the monthly household (CPS) survey. Comments and tables distributed in prior Illinois unemployment rate news release materials should be discarded because any analysis, including records, previously cited might no longer be valid.
  • Seasonally adjusted employment data for subsectors within industries are not available. Not seasonally adjusted jobs data with greater industry detail are available.
  • "Other Services" includes a wide range of activities in three broad categories: Personal and laundry; repair and maintenance; and religious, grant making, civic and professional organizations.
  • Monthly seasonally adjusted unemployment rates for Illinois and the Chicago-Naperville-Joliet Metropolitan Division are also available.