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Metro Unemployment Falls For Eighth Consecutive Month

For Immediate Release | Greg Rivara, (312) 793-9635 (LocalEmploymentNovember2014.pdfLocalEmploymentNovember2014.pdf)​

All Counties Record Over-the-Year Declines for Five out of Six Months

CHICAGO – November unemployment rates fell in every metro for the eighth consecutive month and all are at six or seven year lows, according to preliminary data released today by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security. Rates also fell in all 102 counties for the fifth time out of six months. Not seasonally adjusted data compare November 2014 with November 2013.

Employers added jobs in six metros. Largest increases: Lake-Kenosha (+2.0 percent, +8,200), Champaign-Urbana (+0.9 percent, +1,000), Danville (+0.7 percent, +200) and Rockford (+0.7 percent, +1,100). Total non-farm jobs in the Chicago-Joliet-Naperville Division rose 0.6 percent or 23,700. Largest decreases: Bloomington-Normal (-1.1 percent, -1,000), Peoria (-0.7 percent, -1,200) and Quad Cities (-0.5 percent, -900). Education and Health Services was the only industry that recorded job growth in the majority of the metros (seven of 12).

“Our local economies continue to grow at a steady, deliberate pace, just as they have throughout the year,” IDES Director Jay Rowell said. “Diverse economies such as Illinois’ move deliberately because we have exposure in multiple sectors. Worker training programs driven by the private sector will lead to a more nimble workforce in a better position to qualify for unfilled job opportunities.”

Not seasonally adjusted data compare the current month with the same month of the previous year. The November 2014 not seasonally adjusted Illinois rate was 6.0 percent and 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the unemployment rate was 5.5 percent in November and 10.6 percent in January 2010 at its peak. The unemployment rate identifies those who are out of work and looking for work and is not tied to collecting unemployment insurance benefits. Historically, the state unemployment rate is higher than the national rate.


Total Non-farm Jobs (Not Seasonally Adjusted)- November 2014



Metropolitan Area

November
2014*

November
2013**

Over-the-Year Change

Bloomington-Normal MSA

89,300

90,300

-1,000

Champaign-Urbana MSA

110,600

109,600

1,000

Chicago-Joliet-Naperville Metro Div.

3,854,200

3,830,500

23,700

Danville MSA

29,200

29,000

200

Davenport-Moline-Rock Island MSA

182,900

183,800

-900

Decatur MSA

51,800

52,000

-200

Kankakee-Bradley MSA

44,800

44,700

100

Lake County-Kenosha County Metro Div.

410,300

402,100

8,200

Peoria MSA

177,900

179,100

-1,200

Rockford MSA

149,700

148,600

1,100

Springfield MSA

111,700

111,900

-200

Illinois Section of St. Louis MSA

229,500

230,400

-900

 

                *Preliminary    **Revised


Not Seasonally Adjusted Unemployment Rates


Metropolitan Area

Nov.
2014*

Nov.
2013

Bloomington-Normal

5.6%

7.2%

Champaign-Urbana

5.9%

8.0%

Chicago-Joliet-Naperville

5.7%

8.3%

Danville

8.1%

12.2%

Davenport-Moline-Rock Isl.

6.0%

6.6%

Decatur

7.9%

12.2%

Kankakee-Bradley

7.6%

10.9%

Lake-Kenosha, IL-WI

5.9%

8.1%

Peoria

6.6%

9.3%

Rockford

8.1%

11.4%

Springfield

5.9%

7.7%

St. Louis (IL-Section)

6.3%

8.5%

* Data subject to revision.