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Unemployment Rate Falls in Thirteen Metros – Unchanged in One - Jobs up in ten metros

Contact: Bob Gough Phone: 217-685-4454 | Bob.Gough@illinois.gov​​  August2018Metro.pdfPDF Version

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.”

Illinois businesses added jobs in ten metro areas, with the largest increases in: Kankakee (+6.2 percent, +2,900), Champaign-Urbana (+1.6 percent, +1,700), the Quad Cities (+1.1 percent, + 2,100), and Rockford (+1.1 percent, +1,600). Total nonfarm jobs in the Chicago-Naperville-Arlington Heights Metro Division increased (+0.8 percent or +28,400). Illinois businesses lost jobs in three metro areas: Carbondale-Marion (-0.9 percent, -500), Springfield (-0.3 percent, -400), and Bloomington (-0.2 percent, -200). Total nonfarm jobs were unchanged in Peoria.

The industry sectors recording job growth in the majority of metro areas included Mining and Construction (10 of 14), Manufacturing (10 of 14), Transportation, Warehousing and Utilities (10 of 14), Professional and Business Services (10 of 14), Leisure and Hospitality (9 of 14), and Education and Health Services (8 of 14).

Not seasonally adjusted data compares August 2018 with August 2017. The not seasonally adjusted Illinois rate was 4.2 percent in August 2018 and stood at 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the not seasonally adjusted unemployment rate was 3.9 percent in August 2018 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.

Not Seasonally Adjusted Unemployment Rates

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Total Nonfarm Jobs (Not Seasonally Adjusted) – August 2018

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