News and Announcements - Article

June Rate Falls to 7.1 Percent as State Adds 6,000 Jobs - Lowest Rate Since October 2008

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

Chicago - The Illinois unemployment rate fell in June for the fourth consecutive month to reach 7.1 percent while employers created 6,000 jobs, according to preliminary data released today by the Bureau of Labor Statistics and the Illinois Department of Employment Security. The data is seasonally adjusted.

The combined April-June reduction of 1.3 points in the unemployment rate is the largest three-month drop since this data series began in 1976. The last time the rate was lower was October 2008 when it was 7.0 percent.

“Today’s numbers remind us that as our economy improves, more still needs to be done.” IDES Director Jay Rowell said. “We need to continue to create job-training opportunities for the unemployed and underemployed so they can share in our growing economy.”

The significant drop in the unemployment rate so far this year reflects Illinois’ historical role of following the nation into and out of economic cycles. This pattern generally is expected to continue until global demand lifts Illinois’ manufacturing sector, which in turn would help housing and the construction industry.

The unemployment rate also is in line with other economic indicators. First time jobless claims have been trending lower for the past four years and in June were 6 percent lower than one year ago. First time claims in June also were at the lowest monthly level since 2007. Numbers from the independent Conference Board’s Help Wanted OnLine Survey show Illinois employers in June advertised for more than 212,800 jobs (203,500 seasonally adjusted) and 86 percent sought full-time work.

Employers added +250,900 private sector jobs since job creation returned to Illinois. Leading sectors are Professional and Business Services (+107,900, +13.8 percent); Education and Health Services (+59,100, +7.2 percent); Trade, Transportation and Utilities (+44,700, +4.0 percent); and Leisure and Hospitality (+34,600, +6.8 percent). Government continues to lead job loss (-22,100, -2.6 percent.)

In June, the number of unemployed individuals fell -30,600 (-6.2 percent) to 461,700. Total unemployed has fallen -291,800 (-38.7 percent) since the 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. This includes periods of economic expansion and contraction.


Seasonally Adjusted Unemployment Rates​

 

June

May

June
3-Month Moving
2014
2014
2013 *
Avg.
Illinois
7.1%
7.5%
9.2%
7.5%
U.S.
6.1%
6.3%
7.5%
6.2%
* Revised

 

 

Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry
 
 

 

Revised

Industry Title June*

May**

June

Over the Month

Over the Year
Change From Previous
3-Month 3-Month
2014 2014 2013 Change Change Moving Avg. Mov. Avg.
Total Nonfarm
5,813,200
5,807,200
5,793,100
6,000
20,100
5,809,000
-700
Mining
9,900
9,800
9,700
100
200
9,800
100
Construction
197,600
194,100
190,300
3,500
7,300
194,600
2,000
Manufacturing
568,600
570,100
580,100
-1,500
-11,500
569,800
-2,100
Trade, Transportation, & Utilities
1,164,100
1,164,400
1,163,100
-300
1,000
1,163,600
3,100
Information
97,300
96,900
99,400
400
-2,100
97,100
-300
Financial Activities
368,700
365,400
368,500
3,300
200
367,000
100
Professional and Business Services
891,600
889,500
883,600
2,100
8,000
892,000
-4,600
Educational and Health Services
882,400
883,000
874,100
-600
8,300
881,700
900
Leisure and Hospitality
546,800
550,500
546,500
-3,700
300
549,200
-1,600
Other Services
251,700
249,800
249,400
1,900
2,300
251,300
300
Government
834,500
833,700
828,400
800
6,100
833,000
1,500
*Preliminary
**Final

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Notes:


• Illinois monthly labor force, unemployed and unemployment rates for years 2009-2013 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. For not seasonally adjusted jobs data with greater industry detail, go to http://www.ides.illinois.gov/LMI/CurrentEmploymentStatistics/I_SA_CES_Illinois_Jobs_2000_to_Current.xls​ “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 available at: http://www.ides.illinois.gov/LMI/Pages/Illinois_Chicago_Metropolitan_Area_Unemployment_Rates.aspx