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IDES lowers unemployment taxes for seventh straight year - Nearly 300,000 business owners to pay lower payroll taxes in 2019

11/5/18 - The Illinois Department of Employment Security (IDES) today announced the regular unemployment rates for 2019 will be lower for more than 92 percent of the state’s employers who are required to register and pay state Unemployment Insurance (UI) taxes. 

Illinois business owners are on target to pay $1.9 billion in UI taxes in 2018 and will pay $1.66 billion in 2019, an estimated $240 million decrease. In 2012, Illinois businesses paid $3.36 billion in UI taxes, which means the state has lowered the tax by 50.6 percent over the last seven years.  

“The cost of doing business in Illinois has continued to decline for the vast majority of employers when it comes to Unemployment Insurance,” said IDES Director Jeff Mays. “Even as our tax rates have been consistently dropping, our UI Trust Fund balance will close out the year at a near-record high of $1.9 billion even as we have paid off $930 million in bonds.” 


Date Posted:11/5/2018
Two Agencies Unite for a Better Illinois

10/31/18 - In 2015, the Illinois Department of Employment Security (IDES) wanted to replace its unemployment insurance tax systems with one modern system. Ten years prior and 200 miles away, the Illinois Department of Revenue (IDOR) had implemented a new tax system. From July 2016 to September 2017, IDES, IDOR and IDOIT worked with Fast Enterprises to add IDES’s unemployment insurance tax to IDOR’s existing GenTax implementation, replacing five IDES legacy systems and upgrading to the latest version of GenTax.


Date Posted:10/31/2018
NASCIO Recognizes Illinois for Outstanding Accomplishments in IT

​10/26/18 - The National Association of State Chief Information Officers (NASCIO) announced the state of Illinois’ unemployment insurance tax modernization project as the winner for the Digital Government: Government to Business category as part of their 2018 State IT Recognition Awards​. 

In addition, Illinois was selected as a finalist in two other award categories including the Illinois Blockchain Initiative for Emerging & Innovative Technologies and Illinois’ Security Operations Center for Cybersecurity. There were 31 finalists in 10 categories that NASCIO recognizes for outstanding achievement in State IT.


Date Posted:10/26/2018
Unemployment Rate Continues to Fall in most Metros - Jobs increase in ten metros

10/25/18 - Unemployment rates decreased over-the-year in September in twelve of Illinois’s metropolitan areas, increased in one, and was unchanged in one, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). Data also show nonfarm jobs increased in ten of the metropolitan areas.

“The unemployment rate continues to decline in most metros” said IDES Director Jeff Mays. “At the same time, Illinois also saw its lowest number of unemployment claims filed in the month of September in forty-five years.”


Date Posted:10/25/2018
Illinois Unemployment Rate Unchanged - Matches Record Low - September Payrolls Up in Most Industry Groups

​​10/18/18 - The Illinois Department of Employment Security (IDES) announced today that the unemployment rate held at 4.1 percent in September and nonfarm payrolls increased by +2,800 jobs over-the-month, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The August job losses were revised upward from the preliminary report (from -5,200 jobs to -3,100 jobs).

“Nonfarm payrolls were up over-the-month led by gains in education and health services and manufacturing, and jobs were also up over 50,000 from a year ago, “said IDES Director Jeff Mays. “Illinois’ unemployment rate at 4.1 percent in September again matched the record low for the state.”
 
 

Date Posted:10/18/2018
Unemployment Rate Falls in Thirteen Metros – Unchanged in One - Jobs up in ten metros

9/27/18 - Unemployment rates decreased over-the-year in August in thirteen of Illinois’s metropolitan areas and was unchanged in one, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). Data also show nonfarm jobs increased in ten of the metropolitan areas.

“The unemployment rate continued its downward trend in all metro areas except one where it was unchanged,” said IDES Director Jeff Mays. “These are some of the lowest unemployment rates we have seen in years. In fact, for the sixth consecutive month, the Chicago metro area had its lowest unemployment rate on record.”


Date Posted:9/27/2018
Illinois Unemployment Rate Matches Lowest on Record - August Payrolls Drop first time since January

​9/20/18 - The Illinois Department of Employment Security (IDES) announced today that the unemployment rate fell to 4.1 percent in August and nonfarm payrolls decreased by -5,200 jobs over-the-month, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The July job gain was revised down slightly from its initial report to show no growth. (+0 jobs versus +3,700 jobs).

Job growth moderated in the June to August period posting average monthly gains of +4,000 jobs over this three-month period, less than the prior 3-month average monthly gain of +8,300 jobs between May and July 2018.

“Illinois’ unemployment rate stood at 4.1% in August, matching the lowest rate on record,” said IDES Director Jeff Mays. “Even with the over-the-month drop, nonfarm payrolls have surpassed the prior business cycle peak of September 2000. Jobs are still up more than 47,000 over the year, led by manufacturing.”


Date Posted:9/20/2018
Illinois Employment Security Advisory Board Meeting Agenda

9/17/18 - This agenda for the Video/Teleconference Meeting, on September 20, 2018, at 10:00 A.M., conforms to the requirements of Section 2.02 of the Illinois Open Meetings Act (5 ILCS 120/02). Any individual planning to attend who will need an accommodation under the Americans with Disabilities Act should notify the ADA coordinator at (312) 793-9290 or (888) 340-1007 (TTY/Texnet).​


Date Posted:9/17/2018
Gov. Rauner Launches College and Career Planning Tool

9/6/18 -​ For the first time, Illinois high school students will have access to data which shows how much they might earn if they graduate from colleges and universities located in the state.  

ILCollege2Career.com, unveiled at Gov. Bruce Rauner's quarterly Children's Cabinet meeting today, links employment and higher education data so users can compare the relative earnings value of college degrees. The data is broken down by schools and area of study, so that students can compare the earnings potential of business degrees, for example, from different public and private institutions in the state.


Date Posted:9/6/2018
Unemployment Rate Falls in All Metros - Jobs Increase in Ten Metros - Fifth month this year that the unemployment rate fell in all metros

8/23/18 - Unemployment rates decreased over-the-year in July in all of Illinois’s metropolitan areas, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). Data also show nonfarm jobs increased in ten of the metropolitan areas.

“The number of employed people increased in all metro areas, which contributed to the decrease in the unemployment rate,” said IDES Director Jeff Mays. “This has driven the unemployment rate down to near record lows across the state. In fact, the Chicago metro area had its lowest July unemployment rate on record.”


Date Posted:8/23/2018
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