Contact: Anjali Julka
CHICAGO – The Illinois Department of Employment Security (IDES) announced today that Illinois’ unemployment rate in June declined to 5.9 percent and nonfarm payroll employment shed -7,500 jobs, based on preliminary data released by the Department and the U.S. Bureau of Labor Statistics (BLS). The state’s unemployment rate is higher than the national unemployment rate reported for June, which fell from the prior month to 5.3 percent. The BLS revised May data, which showed a smaller increase in Illinois’ job gain from a preliminary +9,200 to +7,400.
According to the Department, Illinois’ labor force has decreased by 33,600 people and the number of Illinois residents employed from that time has declined by 17,600, since January 2015. IDES analysts estimate that the number of jobs in Illinois will not reach pre-recession levels until approximately September 2016.
“The drop in the number of unemployed Illinois residents since the beginning of this year is not entirely attributable to people finding jobs, rather to people leaving Illinois’ workforce altogether,” said IDES Director Jeff Mays. “This factor must be considered when highlighting lower unemployment numbers.”
In June, the three industry sectors with the largest gains in employment were: Trade, Transportation and Utilities (+4,500), Financial Activities (+2,200) and Educational and Health Services (+1,000). The three industry sectors with the largest declines in employment were Construction (-4,700); Other Services (-3,200); and Leisure and Hospitality (-3,100).
Over the year, nonfarm payroll employment increased by +47,500 jobs with the largest gains in Professional and Business Services (+23,500); Education and Health Services (+15,800); and Trade, Transportation and Utilities (+14,500). Three key sectors posted over-the-year declines in June: Manufacturing (-6,300); Financial Activities (-2,600) and Government (-2,600).
The unemployment rate identifies those individuals who are out of work and seeking employment. An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work. IDES’ IllinoisJoblink.com (IJL) program, which helps jobseekers connect with hiring companies, recently showed that 172,550 help wanted ads were available and 58,542 resumes were posted. The Department continues its efforts to help spur job growth in Illinois as many positions continue to remain unfilled.
In June, the unemployment rate stood 1.0 percentage points below the unemployment rate a year ago when it was 6.9 percent. The number of unemployed workers decreased 2.5 percent from the prior month to 382,400 and was down -14.5 percent over the same month for the prior year.
“As jobs continue to leave Illinois, we need to focus on enacting reforms to reinvigorate our business climate and create greater economic opportunities for all Illinois families,” Illinois Department of Commerce and Economic Opportunity Director Jim Schultz said. “Without lasting structural reform Illinois will continue to lag behind other states in job growth and our economic recovery.”
Seaonally Adjusted Unemployment Rates
Illinois Seasonally adjusted Nonfarm Jobs – by Major Industry
- Monthly 1976-2014 labor force data for Illinois, and all other states, have been revised using new, fourth generation state time-series models, as required by the U.S. Bureau of Labor Statistics (BLS). The monthly historical revisions to state labor force estimates reflect new national benchmark controls, state working-age population controls, seasonal factors, as well as updated total nonfarm jobs and unemployment benefits claims inputs. Illinois labor force data were also smoothed to eliminate large monthly changes as a result of volatility in the monthly Census Population Survey (CPS) and national benchmarking. For these reasons, comments and tables citing unemployment rates in previous state news releases/materials might no longer be valid.
- Monthly seasonally adjusted unemployment rates for Illinois and the Chicago-Naperville-Arlington Heights Metropolitan Division are available at: http://www.ides.illinois.gov/LMI/Pages/Illinois_Chicago_Metropolitan_Area_Unemployment_Rates.aspx
- Not seasonally adjusted jobs data with industry detail are available at http://www.ides.illinois.gov/LMI/Pages/CES.aspx “Other Services” include activities in three broad categories: Personal and laundry; repair and maintenance; and religious, grant making, civic and professional organizations. Seasonally adjusted employment data for subsectors within industries are not available.
IDES connects employers to job-seekers, helps unemployed individuals find work, provides unemployment insurance to eligible individuals, produces labor market data and protects taxpayers from unemployment insurance fraud. Visit the Department’s website at www.ides.illinois.gov and join IDES on Facebook.