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Unemployment Falls in Local Areas Across the State

Posted by Admin On March - 28 - 2014

Chicagoland Lowest Unemployment Since 2009


Not Seasonally Adjusted Unemployment Rates

Metropolitan Area

Feb.
2014*

Feb.
2013

Bloomington-Normal

8.0%

7.7%

Champaign-Urbana

8.7%

8.8%

Chicago-Joliet-Naperville

9.0%

9.8%

Danville

12.8%

11.9%

Davenport-Moline-Rock Isl.

7.9%

7.9%

Decatur

12.7%

12.8%

Kankakee-Bradley

12.1%

12.8%

Lake-Kenosha, IL-WI

9.5%

10.1%

Peoria

10.1%

10.0%

Rockford

12.1%

12.9%

Springfield

8.6%

8.9%

St. Louis (IL-Section)

9.2%

9.5%

* Data subject to revision.

CHICAGO – Local unemployment rates fell across the state in February and the rate in the Chicago-Joliet-Naperville Metro Division fell 0.8 percentage points to reach 9.0 percent, the lowest it has been since 2009, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). Not seasonally adjusted data compares February 2014 to February 2013.

Illinois businesses added jobs in four metros. Largest increases: Lake-Kenosha (+2.7 percent, +10,300), Champaign-Urbana (+1.6 percent, +1,700), and Chicago-Joliet-Naperville (+0.8 percent, +28,000). Largest decreases: Bloomington-Normal (-2.1 percent, -1,900), Danville (-2.1 percent, -600) and Peoria (-1.8 percent, -3,300). Much of these decreases continue to reflect a temporary slowdown in global manufacturing demand. Industry sectors recording job growth in the most metros: Leisure and Hospitality (nine of 12), Wholesale Trade (seven of 12).

Not seasonally adjusted data compares the current month to the same month of the previous year. The February 2014 not seasonally adjusted Illinois rate was 9.4 percent and 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the unemployment rate was 7.0 percent in February 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) – February 2014

Metropolitan Area

February
2014*

February
2013**

Over-the-Year Change

Bloomington-Normal MSA

88,400

90,300

-1,900

Champaign-Urbana MSA

107,000

105,300

1,700

Chicago-Joliet-Naperville Metro Div.

3,712,300

3,684,300

28,000

Danville MSA

28,200

28,800

-600

Davenport-Moline-Rock Island MSA

178,700

180,400

-1,700

Decatur MSA

50,300

50,900

-600

Kankakee-Bradley MSA

42,800

42,800

0

Lake County-Kenosha County Metro Div.

390,300

380,000

10,300

Peoria MSA

175,400

178,700

-3,300

Rockford MSA

144,600

145,200

-600

Springfield MSA

108,900

108,800

100

Illinois Section of St. Louis MSA

227,100

228,000

-900

*Preliminary **Revised

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