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Job Growth Continues in Most Metro Areas - Unemployment rate up in thirteen metros

Announcement – Thursday, March 14, 2019

 

Contact: Bob Gough Phone: 217-685-4454 | Metro3-14-19.pdfPDF Version

​3/14/19 - Unemployment rates increased over-the-year in January in thirteen of Illinois’s metropolitan areas, and decreased 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 eleven of the metropolitan areas.

“It’s encouraging to see that payrolls continue to increase in most metro areas across the state” said Deputy Governor Dan Hynes. “Industries like educational and health services, trade, transportation, and manufacturing are seeing strong growth and we look forward to continuing to build on that foundation.” Illinois businesses added jobs in eleven metro areas, with the largest percentage increases in: Lake-Kenosha (+2.8%, +11,500), Peoria (+2.6%, +4,400) and Carbondale-Marion (+2.2%, +1,200). The metro areas showing an over-the-year decrease in total nonfarm jobs were Danville (-2.2%, -600), Bloomington (-1.8%, -1,600) and the Illinois section of the St. Louis MSA (-0.6%, -1,400). 

The industry sectors recording job growth in the majority of metro areas included Manufacturing (11 of 14), Professional and Business Services (10 of 14), Mining and Construction (9 of 14), Leisure and Hospitality (9 of 14), Financial Activities (8 of 14) and Education and Health Services (8 of 14). Not seasonally adjusted data compares January 2019 with January 2018. The not seasonally adjusted Illinois rate was 5.3 percent in January 2019 and stood at 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the not seasonally adjusted unemployment rate was 4.4 percent in January 2019 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

Region Jan-19 Dec-18 Jan-18 3-Month Moving Average Over-the-Month Change Over-the-Year Change

Illinois

4.3% 4.3% 4.4% 4.3% 0.0 -0.1

U.S.

4.0% 3.9% 4.1% 3.9% 0.1 -0.1

 

Total Nonfarm Jobs (Not Seasonally Adjusted) – January 2019

Industry Jan-19 Current* Dec-18 Prior Month** Jan-18 Year Ago Over-the-Month Over-the-Year 3-Month Moving Avg Change from Previous 3-Month Moving Avg

IL - Total Nonfarm

6,172,700 6,148,300 6,094,700 24,400 78,000 6,154,000 12,500

IL - Mining

7,800 7,800 7,700 0 100 7,800 -100

IL - Construction

230,000 224,200 223,800 5,800 6,200 226,700 1,200

IL - Manufacturing

594,100 589,900 582,700 4,200 11,400 591,200 700

IL - Trade, Transportation, and Utilities

1,232,500 1,223,200 1,217,100 9,300 15,400 1,225,500 5,000

IL - Information

92,800 93,100 94,800 -300 -2,000 93,200 -700

IL - Financial Activities

405,200 405,200 398,500 0 6,700 405,400 0

IL - Professional and Business Services

956,400 956,000 948,100 400 8,300 956,300 1,200

IL - Educational and Health Services

945,400 942,200 928,500 3,200 16,900 942,400 3,000

IL - Leisure and Hospitality

626,400 623,700 614,800 2,700 11,600 622,800 2,200

IL - Other Services

255,600 256,600 253,500 -1,000 2,100 256,000 100

IL - Government

826,500 826,400 825,200 100 1,300 826,700 -200