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Private Sector Adds 7,100 Jobs in July

8/15/2013

For Immediate Release | Greg Rivara, Media contact: (312) 793-9635 (pdf version)

Summer Unemployment Trend Continues

CHICAGO - Illinois added 7,100 private sector jobs in July and the unemployment rate was 9.2 percent, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). Illinois added 62,100 private sector jobs compared to July 2012. The data is seasonally adjusted.

"Three consecutive months of positive job numbers underscores the deliberate pace of our economic growth," IDES Director Jay Rowell said. "Three consecutive summers with an uptick in the unemployment rate here and elsewhere suggests a trend unrelated to job growth and merits watching."

Employers posted more than 195,000 help-wanted ads in Illinois in July, the Conference Board stated. Nearly 80 percent were full-time positions. The data is seasonally adjusted.

Illinois has added +244,300 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 (+110,100); Education and Health Services (+57,100); and Trade, Transportation and Utilities (+46,000). Government has lost the most jobs since January 2010, down -33,200.

Volatility has been the hallmark of this economic cycle. When compared to the previous month, Illinois recorded job growth in 31 months and job loss in 12. Unemployment fell in 24 months, increased in nine and was unchanged in 10. Sustained consumer confidence could reduce volatility.

The three-month moving average unemployment rate, which smoothes monthly volatility, was unchanged at 9.2 percent in July. In July 2013, the number of unemployed individuals increased slightly for the second time since March, up +4,200 (+0.7 percent) to 604,700. Total unemployed has fallen -147,500 (-19.6 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. 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.

Seasonally Adjusted Unemployment Rates

July 2013 June 2013 July 2012

3-Month

Moving Avg.

Illinois 9.2% 9.1%* 9.0%* 9.2%
U.S. 7.4% 7.6% 8.2%* 7.5%
* Revised

Illinois Seasonally Adjusted Non-farm Jobs - by Major Industry

Industry Title July 2013* June 2013** July 2012** Over the Month
Change
Over the Year Change 3-Month Moving Avg. Change from Previous 3-Month Mov. Avg.
Total Nonfarm 5,795,300 5,788,700 5,739,800 6,600 55,500 5,788,100 6,500
Mining 10,500 10,400 10,200 100 300 10,400 0
Construction 188,500 186,900 186,600 1,600 1,900 185,500 3,600
Manufacturing 576,200 577,100 585,000 -900 -8,800 577,700 -2,000
Trade, Transportation, & Utilities 1,166,900 1,160,700 1,153,400 6,200 13,500 1,161,300 2,600
Information 99,300 100,500 99,700 -1,200 -400 100,000 0
Financial Activities 374,500 373,900 366,300 600 8,200 374,000 500
Professional and Business Services 891,000 883,000 863,400 8,000 27,600 883,900 6,500
Educational and Health Services 878,600 882,200 861,100 -3,600 17,500 881,500 -900
Leisure and Hospitality 537,200 539,200 535,500 -2,000 1,700 539,200 500
Other Services 249,500 251,200 248,900 -1,700 600 251,900 -1,400
Government 823,100 823,600 829,700 -500 -6,600 823,400 -3,000
* Preliminary ** Revised

Notes:

  • Illinois monthly labor force, unemployed and unemployment rates for years 2008-2012 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 sum-of-states controls, Census population controls, seasonal factors, non-farm jobs and unemployment insurance claims inputs. Data were also 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. Get not seasonally adjusted jobs data with greater industry detail.
  • "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.
  • Get monthly seasonally adjusted unemployment rates for Illinois and the Chicago-Naperville-Joliet Metropolitan Division.