Press Release - Thursday, June 17, 2010
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Illinois Adds 70,000 Jobs So Far This Year
CHICAGO - The Illinois seasonally adjusted unemployment rate dropped -0.4 point to 10.8 percent in May, according to data released today by the Illinois Department of Employment Security. The over-the-month decline is the largest since October 1983. The three-month moving average decreased -0.2 point to 11.2 percent in May, its first decline since November 2006. Illinois has added 70,000 jobs so far this year.
"Five months of positive job growth coupled with two consecutive months of declines in the unemployment rate offer reasons for cautious optimism," Director Maureen O'Donnell said. "Long-term job growth might include periods that show flat or possibly increased unemployment rates as frustrated job seekers grow more hopeful about their job prospects."
Illinois added +16,700 in May. It was the fifth consecutive month to record job growth. Although much of the growth is attributed to Census 2010 employment, significant job growth continued in several major industry sectors. Manufacturers added +2,400 jobs, the third consecutive monthly gain of more than +2,000 jobs and the sector's best showing since April 1995. Educational and Health Services added +1,900 new jobs, its fifth consecutive month-over-month gain. Professional and Business Services added +1,300 new jobs, its fourth gain in the last five months. This sector (+18,700) leads all sectors in job growth thus far this year. Reflecting national trends possibly tied to the volatility in the housing market, the construction sector decreased -6,500. Illinois has added more jobs than its Midwestern counterparts so far this year and its rate of job growth has outpaced the nation.
The unemployment rate is not the same measure as those collecting unemployment benefits. The unemployment rate identifies those who are out of work and seeking employment. Workers collecting benefits are counted separately. A person who exhausts or is ineligible for benefits still would be reflected in the unemployment rate if they are seeking employment.
The Illinois Department of Employment Security administers federally funded employment services and unemployment insurance through its nearly 60 offices, including the Illinois workNet Centers. IDES also receives federal grants to provide and analyze labor market statistics and information.
Seasonally Adjusted Unemployment Rates
|
|
May 2010 |
April 2010 |
May 2009 |
3-Month Moving Avg. |
|
Illinois |
10.8% |
11.2%* |
10.0%* |
11.2% |
|
U.S. |
9.7% |
9.9% |
9.4%* |
9.8% |
|
* Revised | ||||
Illinois Seasonally Adjusted Non-farm Jobs - by Major Industry
|
Industry Title |
May 2010* |
April 2010** |
May 2009** |
Over the Month Change |
Over the Year Change |
3-Month
Moving Avg. |
Change from
Previous
3-Month Mov. Avg. |
|
|
|
|
|
|
|
|
|
|
Total Nonfarm |
5,628,200 |
5,611,500 |
5,672,800 |
16,700 |
-44,600 |
5,610,100 |
15,400 |
|
Mining |
9,600 |
9,600 |
9,300 |
0 |
300 |
9,500 |
0 |
|
Construction |
193,600 |
200,100 |
219,500 |
-6,500 |
-25,900 |
197,500 |
-2,300 |
|
Manufacturing |
560,900 |
558,500 |
578,700 |
2,400 |
-17,800 |
558,500 |
2,400 |
|
Trade, Transportation, & Utilities |
1,133,600 |
1,132,500 |
1,145,200 |
1,100 |
-11,600 |
1,132,700 |
1,800 |
|
Information |
103,900 |
104,300 |
106,900 |
-400 |
-3,000 |
104,100 |
100 |
|
Financial Activities |
365,500 |
366,800 |
373,600 |
-1,300 |
-8,100 |
366,500 |
-200 |
|
Professional and Business Services |
786,600 |
785,300 |
786,700 |
1,300 |
-100 |
783,100 |
2,500 |
|
Educational and Health Services |
835,300 |
833,400 |
815,700 |
1,900 |
19,600 |
832,700 |
2,900 |
|
Leisure and Hospitality |
510,800 |
508,200 |
519,000 |
2,600 |
-8,200 |
509,100 |
1,200 |
|
Other Services |
256,200 |
257,500 |
259,000 |
-1,300 |
-2,800 |
256,200 |
800 |
|
Government |
872,200 |
855,300 |
859,200 |
16,900 |
13,000 |
860,200 |
6,300 |
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* Preliminary ** Revised |
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Notes:
- Illinois monthly labor force, unemployed and unemployment rates for years 1976-2009 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 and state supplied non-farm jobs and unemployment insurance claims inputs. Comments and tables distributed for prior Illinois unemployment rate news releases 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. For not-seasonally adjusted jobs data with greater industry detail, go to http://lmi.ides.state.il.us/cesfiles/cescurrent.htm .
- "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 at: http://lmi.ides.state.il.us/laus/icmaur.htm .
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