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Unemployment Falls Across State

Posted by Admin On April - 25 - 2014

Six Metro Areas Record Lowest Rate Since 2008

Not Seasonally Adjusted Unemployment Rates

Metropolitan Area

March
2014*

March
2013

Bloomington-Normal

7.1%

6.9%

Champaign-Urbana

7.5%

7.8%

Chicago-Joliet-Naperville

8.1%

9.3%

Danville

11.1%

10.8%

Davenport-Moline-Rock Isl.

7.1%

7.2%

Decatur

11.1%

11.5%

Kankakee-Bradley

10.7%

11.8%

Lake-Kenosha, IL-WI

8.6%

9.3%

Peoria

8.8%

8.9%

Rockford

10.9%

11.8%

Springfield

7.4%

7.9%

St. Louis (IL-Section)

7.9%

8.8%

* Data subject to revision.

CHICAGO – Local unemployment fell in 10 of 12 metropolitan areas in March. In six of the 10, the March rate was at its lowest point since 2008, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). The six metros are Chicago-Joliet-Naperville, Davenport-Moline-Rock Island, Kankakee-Bradley, Lake-Kenosha, Rockford and St. Louis. Illinois businesses added jobs in five metros. Largest increases: Lake-Kenosha (+1.9 percent, +7,400), Champaign-Urbana (+1.8 percent, +1,900), Kankakee-Bradley (0.9 percent, +400) and Chicago-Joliet-Naperville (+0.6 percent, +24,000). Largest decreases: Bloomington-Normal (-2.0 percent, -1,800), Decatur (-1.6 percent, -800) and Danville (-1.4 percent, -400). 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).

“Our economy continues to improve as people feel more confident about the future,” IDES Director Jay Rowell said. “To continue this growth, we need to ensure that our workforce has the skills demanded in today’s economy.”

Not seasonally adjusted data compares the current month to the same month of the previous year. The March 2014 not seasonally adjusted Illinois rate was 8.3 percent and 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the unemployment rate was 6.8 percent in March 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. 454**14

Total Non-farm Jobs (Not Seasonally Adjusted) – March 2014

Metropolitan Area

March
2014*

March
2013**

Over-the-Year Change

Bloomington-Normal MSA

88,100

89,900

-1,800

Champaign-Urbana MSA

108,600

106,700

1,900

Chicago-Joliet-Naperville Metro Div.

3,731,900

3,707,900

24,000

Danville MSA

28,400

28,800

-400

Davenport-Moline-Rock Island MSA

179,300

181,400

-2,100

Decatur MSA

50,600

51,400

-800

Kankakee-Bradley MSA

43,400

43,000

400

Lake County-Kenosha County Metro Div.

391,000

383,600

7,400

Peoria MSA

177,000

179,300

-2,300

Rockford MSA

145,400

145,800

-400

Springfield MSA

109,800

109,400

400

Illinois Section of St. Louis MSA

228,800

228,800

0

*Preliminary **Revised

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