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Illinois Adds 16,400 Jobs and Rate Falls to 8.7 Percent

12/20/2012

For Immediate Release | Greg Rivara, Phone: (312) 814-0095 (pdf version)

November Monthly Job Gain Largest of the Year

CHICAGO - Illinois added +16,400 jobs in November and the unemployment rate fell to 8.7 percent, according to preliminary data released today by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security (IDES). The data is seasonally adjusted. One year ago, the November unemployment rate was 9.8 percent.

"November's job growth is encouraging because it reinforces the trend of positive economic momentum," IDES Director Jay Rowell said "The most immediate threat to that momentum is the fiscal cliff. If Congress does not work together to craft a solution, our economic progress will slow and we will risk another recession."

Illinois added +174,600 private sector jobs since January 2010 when job growth returned to Illinois following nearly two years of consecutive monthly losses. Leading growth sectors are Professional and Business Services (+84,800); Manufacturing (+45,100); and Education and Health Services (+42,000). Government has lost the most jobs since January 2010, down -28,800.

November 2012 job gains were driven by Trade, Transportation and Utilities, Professional and Business Services, and Manufacturing. The latter two industries not only led payroll growth in November, but also were the two strongest contributors to employment growth in 2012 thus far.

In November 2012, the number of unemployed individuals fell -6,600 (-1.1 percent) to 574,600, the 12th monthly decline in 15 months. Total unemployed declined -178,200 (-23.7 percent) since January 2010 when the state unemployment 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.

There are 120,000 help-wanted ads on Illinoisjoblink.com, the IDES employment website that links job seekers with employers. This no-cost, career resource allows individuals to create multiple resumes that emphasize different talents and allows businesses to search for specific skills. The keyword matching technology increases the likelihood of a successful new hire. Illinoisjoblink.com emphasizes Illinois jobs, scrapes other job boards, and compares favorably to private efforts that cost hundreds of dollars for a single advertisement. No-cost HR recruitment services are available there and at (877) 342-7533.

Seasonally Adjusted Unemployment Rates

November
2012
October
2012
November
2011

3-Month

Moving Avg.

Illinois 8.7% 8.8% 9.8%* 8.8%
U.S. 7.7% 7.9% 8.7%* 7.8%
* Revised

Illinois Seasonally Adjusted Non-farm Jobs - by Major Industry

Industry Title November 2012* October 2012** November 2011** Over the Month Change Over the Year Change 3-Month Moving Avg. Change from Previous 3-Month Mov. Avg.
Total Nonfarm 5,727,400 5,711,000 5,674,200 16,400 53,200 5,715,400 9,900
Mining 9,600 9,500 9,700 100 -100 9,600 -100
Construction 180,100 185,000 191,300 -4,900 -11,200 183,100 -1,200
Manufacturing 598,700 596,500 575,800 2,200 22,900 597,100 500
Trade, Transportation, & Utilities 1,145,200 1,133,200 1,141,500 12,000 3,700 1,137,300 2,700
Information 96,900 96,800 100,100 100 -3,200 97,000 -900
Financial Activities 367,000 366,700 361,400 300 5,600 366,800 400
Professional and Business Services 864,600 857,300 838,400 7,300 26,200 860,400 3,200
Educational and Health Services 863,600 863,500 856,700 100 6,900 862,700 1,600
Leisure and Hospitality 536,600 536,200 519,900 400 16,700 535,400 2,100
Other Services 238,400 238,000 246,200 400 -7,800 238,300 -100
Government 826,700 828,300 833,200 -1,600 -6,500 827,700 1,800
* Preliminary ** Revised

Notes:

  • Illinois monthly labor force, unemployed and unemployment rates for years 2007-2011 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 Census population controls, seasonal factors, non-farm jobs and unemployment insurance claims inputs. Data were 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. Seasonally adjusted jobs data with greater industry detail are available.
  • "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.