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Unemployment Rates Increase in All Metro Areas

Posted by Admin On April - 1 - 2016

 

Illinois continues to lag behind nation in job growth despite jobs increase

CHICAGO, IL – Unemployment rates increased in all of the metro areas compared to last year, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). The increase in the unemployment rate in most metropolitan areas is partially due to more people looking for work.

“Illinois’ overall job growth rate remains among the slowest in the country and metro area unemployment rates continue to rise, even with an increase in jobs in February,” said IDES Director Jeff Mays. “Structural reforms will provide the resources we need to more effectively build a stronger workforce and help communities towards achieving economic stability.”

Illinois businesses added jobs in eight metros, in which the largest increases were seen in: Lake-Kenosha (+2.3 percent, +8,800), Rockford (+2.1 percent, +3,100), and Champaign (+1.9, +2,000). Total nonfarm jobs in the Chicago-Naperville-Arlington Heights Metro Division increased (+1.7 percent or +62,100). Illinois businesses lost jobs in six metro areas including Bloomington (-1.9 percent, -1,800), the Quad Cities (-1.2 percent, -2,100), and Carbondale-Marion (-0.9 percent, -500). The industry sectors recording job growth in the majority of metros were: Retail (11 of 14), Education and Health Services (11 of 14), Government (10 of 14), Leisure and Hospitality (nine of 14), Professional and Business Services (eight of 14), and Other Services (eight of 14).

Not seasonally adjusted data compares February 2016 with February 2015. The not seasonally adjusted Illinois rate was 7.0 percent in February 2016 and stood at 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the not seasonally adjusted unemployment rate was 5.2 percent in February 2016 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

Metropolitan Area

February 2016

February 2015

Over-the-Year Change

Bloomington

6.3%

5.0%

1.3

Carbondale-Marion

7.2%

6.0%

1.2

Champaign-Urbana

6.2%

5.4%

0.8

Chicago-Naperville-Arlington Heights

6.7%

6.5%

0.2

Danville

8.4%

7.4%

1.0

Davenport-Moline-Rock Island, IA-IL

6.8%

6.1%

0.7

Decatur

8.2%

7.4%

0.8

Elgin

7.1%

6.4%

0.7

Kankakee

8.1%

7.4%

0.7

Lake-Kenosha, IL-WI

6.7%

6.1%

0.6

Peoria

8.1%

6.7%

1.4

Rockford

8.0%

7.2%

0.8

Springfield

6.3%

5.7%

0.6

St. Louis (IL-Section)

7.2%

6.4%

0.8

Illinois Statewide

7.0%

6.5%

0.5

* Data subject to revision.

Total Nonfarm Jobs (Not Seasonally Adjusted) – February 2016

Metropolitan Area

February
2016*

February
2015**

Over-the-Year Change

Bloomington MSA

93,500

95,300

-1,800

Carbondale-Marion MSA

56,400

56,900

-500

Champaign-Urbana MSA

109,800

107,800

2,000

Chicago-Naperville-Arlington Heights Metro Division

3,623,500

3,561,400

62,100

Danville MSA

29,000

29,200

-200

Davenport-Moline-Rock Island MSA

177,800

179,900

-2,100

Decatur MSA

49,900

50,200

-300

Elgin Metro Division

250,600

246,100

4,500

Kankakee MSA

44,600

43,800

800

Lake-County-Kenosha County Metro Division

397,100

388,300

8,800

Peoria MSA

175,000

175,600

-600

Rockford MSA

150,700

147,600

3,100

Springfield MSA

111,400

110,000

1,400

Illinois Section of St. Louis MSA

234,000

230,000

4,000

Illinois Statewide

5,888,100

5,819,900

68,200

                  *Preliminary    **Revised

 (continued)

Not Seasonally Adjusted Unemployment Rates
(percent) for Local Counties and Areas

 

Labor Market Area

Feb-16

Feb-15

Over-the-Year Change

Chicago-Naperville-Elgin IL-IN-WI MSA

6.8%

6.5%

0.3

Chicago-Naperville-Arlington Heights, IL Metro Division
Cook County

6.9%

6.7%

0.2

DuPage County

5.5%

5.2%

0.3

Grundy County

8.7%

8.4%

0.3

Kendall County

6.2%

5.9%

0.3

McHenry County

6.5%

6.3%

0.2

Will County

7.2%

7.0%

0.2

Elgin, IL Metro Division
DeKalb County

6.8%

6.1%

0.7

Kane County

7.2%

6.5%

0.7

Lake & Kenosha Counties, IL-WI Metro Division

Lake County

6.9%

6.2%

0.7

Cities (with total population of at least 100,000) *
Aurora City

6.7%

6.2%

0.5

Chicago City

7.2%

6.9%

0.3

Elgin City

5.5%

4.6%

0.9

Joliet City

6.2%

5.7%

0.5

Naperville City

4.9%

4.8%

0.1

* Unemployment rates for cities with total population of 25,000 or more can be found at www.ides.illinois.gov/LMI/Pages/Current_Monthly_Unemployment_Rates.aspx

Lake & Kenosha Counties, IL-WI Metro Division

The not seasonally adjusted unemployment rate increased to 6.7 percent in February 2016 from 6.1 percent in February 2015. For the month of February 2016, the estimated number of unemployed people in the labor force was 30,900.

Total nonfarm employment increased +8,800 compared to February 2015. Transportation-Warehousing-Utilities (+3,200) Wholesale Trade (+1,500), and Manufacturing (+1,200) reported the largest payroll gains. The Professional-Business Services (-500) sector recorded an employment decline compared to one year ago.


Chicago-Naperville-Arlington Heights, IL Metro Division

The not seasonally adjusted unemployment rate decreased to 6.7 percent in February 2016 from 6.5 percent in February 2015. For the month of February 2016, the estimated number of unemployed people in the labor force was 257,300.

Total nonfarm employment increased +62,100 compared to February 2015. Leisure-Hospitality (+18,200), Educational-Health Services (+14,400), Government (+9,000), Retail Trade (6,600), and Construction (+6,300) reported the largest payroll gains. The Manufacturing (-1,600) sector recorded employment declines compared to one year ago.

Elgin, IL Metro Division

The not seasonally adjusted unemployment rate increased to 7.1 percent in February 2016 from 6.4 percent in February 2015. For the month of February 2016, the estimated number of unemployed people in the labor force was 23,000.

Total nonfarm employment increased +4,500 compared to February 2015. Leisure-Hospitality (+1,600), Construction (+1,500), Retail Trade (+900), Government (+800), and Educational-Health Services (+800) reported the largest payroll gains. The Professional-Business Services (-1,200), Wholesale Trade (-400), Information (-100), and Financial Activities (-100) sectors declined compared to one year ago.

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