News and Announcements - Article

19,300 Jobs Push Unemployment Down to 6.6 Percent

​​For Immediate Release | Greg Rivara, Media contact: (312) 793-9635​​ (StateUIOctober2014.pdfStateUIOctober2014.pdf)

300,700 Private Jobs Added Since Feb. 2010 Recovery Date

CHICAGO – The Illinois unemployment rate fell in September for the seventh consecutive month to reach 6.6 percent while employers created +19,300 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 drop from 9.1 percent one year ago marks, for the second consecutive month, the largest year-over-year decline since 1984. The last time the rate was lower than 6.6 percent was in June 2008 when it was 6.3 percent. Also, there are +69,000 more jobs than one year ago.

“Unemployment rates continue to fall because private-sector employers are averaging more than 5,400 new jobs each month since the Illinois economy began to improve,” IDES Director Jay Rowell said. “Meanwhile, help wanted ads for full-time work continue to grow and indicate employers expect their need for more workers to remain strong.”

September job growth was led by Trade, Transportation and Utilities (+6,500), Professional and Business Services (+6,000), and Other Services (+5,500). Manufacturing (-2,800), and Leisure and Hospitality payrolls (-1,100) declined.

Employers added +300,700 private sector jobs since job creation returned to Illinois in February 2010. Leading sectors are Professional and Business Services (+126,800); Education and Health Services (+60,900); Trade, Transportation and Utilities (+56,100); and Leisure and Hospitality (+36,200). Government remains the job-loss leader, shedding -21,500 positions during the same period.

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 September the number of monthly claims was at its lowest level since 2000. Numbers from the independent Conference Board’s Help Wanted OnLine Index show that Illinois employers in September advertised for nearly 212,000 jobs and 85 percent sought full-time work.

To apply for these jobs, go to Illinoisjoblink.com, the state’s help wanted internet job board managed by IDES. Illinoisjoblink.com features Resume Builder and Resunate. Resume Builder provides step-by-step instructions to create an effective resume which is immediately matched to existing help wanted ads seeking those skills. Resunate scores the resume against a specific help wanted ad and offers suggestions on how to improve the resume before applying for the job. Resunate is freely available to anyone when accessed from an IllinoisJobLink.com account, regardless of employment status or eligibility for unemployment insurance.

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

stateUIOct2014chart1.png 


Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry

stateUIOct2014chart2.png


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/CurrentEmploymentStatstics/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/Illnois_Chicago_Metropolitan_Area_Unemployment_Rates.aspx