Press Release - Friday, November 18, 2011
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Illinois Adds 30,000 Jobs in October
CHICAGO – Illinois added +30,000 jobs in October and the unemployment rate inched up to 10.1 percent, according to data released today by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security (IDES). The data is seasonally adjusted.
A simultaneous increase in jobs and the unemployment rate could suggest that more residents feel optimistic about finding work. As that optimism grows, more people re-energize their job search, which is reflected in a higher unemployment rate. Historically, the unemployment rate tends to creep upward at this time of year as weather conditions limit work opportunities. Also, individuals who were not looking for work, and therefore not counted in the unemployment rate, traditionally re-enter the workforce to seek temporary employment.
“Illinois’ economy adding 30,000 jobs is encouraging during this challenging period of economic recovery,” IDES Director Jay Rowell said. “Consumer confidence is critical to a growing economy, and a growing economy creates jobs.”
The three-month moving average of job creation is +10,500. The average is considered a stronger gauge of economic activity because its longer scope lessens the impact of spikes and dives attributable to one-time employment events. It also smoothes data volatility.
Illinois has added +64,800 jobs so far this year and +108,100 jobs since January 2010 when job growth returned to Illinois after 23 consecutive months of declines. That represents 1.9 percent job growth compared to the nation’s 1.8 percent. Since January 2010, leading growth sectors in Illinois are Professional and Business Services (+49,600); Educational and Health Services (+38,600); Trade, Transportation and Utilities (+23,500); and Manufacturing (+17,800).
In October 2011, unemployed individuals increased +5,700 (0.9 percent) to 668,800 compared to September. Total unemployed has declined -71,300 (-9.6 percent) since January 2010 when the state unemployment rate peaked at 11.2 percent. The unemployment rate identifies those who are out of work and seeking employment. A person who exhausts benefits, or is ineligible, still will be reflected in the unemployment rate if they actively seek work.
The IDES supports economic stability by administering unemployment benefits, collecting business contributions to fund those benefits, connecting employers with qualified job seekers, and providing economic information to assist career planning and economic development. It does so through nearly 60 offices, including Illinois workNet centers.
Seasonally Adjusted Unemployment Rates
|
|
October
2011 |
September
2011 |
October
2010 |
3-Month
Moving Avg. |
|
Illinois
|
10.1%
|
10.0%
|
9.6%*
|
10.0%
|
|
U.S.
|
9.0%
|
9.1%
|
9.7%*
|
9.1%
|
|
* Revised
|
||||
Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry
|
Industry Title
|
October
2011* |
September
2011** |
October
2010** |
Over the Month Change
|
Over the Year
Change |
3-Month
Moving Avg. |
Change from
Previous 3-Month Mov. Avg. |
|
Total Nonfarm
|
5,688,600
|
5,658,600
|
5,628,100
|
30,000
|
60,500
|
5,669,000
|
10,500
|
|
Mining
|
9,400
|
9,600
|
9,400
|
-200
|
0
|
9,500
|
0
|
|
Construction
|
202,000
|
201,200
|
197,800
|
800
|
4,200
|
202,800
|
-1,000
|
|
Manufacturing
|
571,000
|
569,600
|
561,100
|
1,400
|
9,900
|
570,400
|
-900
|
|
Trade, Transportation, & Utilities
|
1,142,300
|
1,136,900
|
1,129,300
|
5,400
|
13,000
|
1,138,000
|
2,300
|
|
Information
|
97,400
|
95,700
|
100,900
|
1,700
|
-3,500
|
96,800
|
-100
|
|
Financial Activities
|
358,000
|
355,800
|
359,400
|
2,200
|
-1,400
|
357,000
|
300
|
|
Professional and Business Services
|
829,900
|
819,300
|
804,300
|
10,600
|
25,600
|
822,800
|
5,000
|
|
Educational and Health Services
|
860,300
|
855,000
|
842,000
|
5,300
|
18,300
|
854,900
|
4,200
|
|
Leisure and Hospitality
|
522,700
|
518,900
|
516,300
|
3,800
|
6,400
|
520,200
|
1,700
|
|
Other Services
|
253,200
|
253,600
|
254,700
|
-400
|
-1,500
|
253,600
|
200
|
|
Government
|
842,400
|
843,000
|
852,900
|
-600
|
-10,500
|
842,900
|
-1,300
|
|
|
* Preliminary ** Revised
|
|
|||||
Notes:
• Illinois monthly labor force, unemployed and unemployment rates for years 2006-2010 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, non-farm jobs and unemployment insurance claims inputs. Data were also smoothed to eliminate large monthly changes as a result of volatility in the monthly household (CPS) survey. Comments and tables distributed in prior Illinois unemployment rate news release materials 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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