CHICAGO – Illinois employers added +2,300 jobs in November and the unemployment rate fell to 6.4 percent despite more people looking for work, according to preliminary data released today by the Bureau of Labor Statistics and the Illinois Department of Employment Security. The data is seasonally adjusted.
The last time the rate was lower was June 2008 when it was 6.3 percent. It was 9 percent in November 2013.
“Key economic points in November show our economy continues to move forward. More people are working and re-energizing their job search and employers say they have vacancies to fill,” IDES Director Jay Rowell said. “We must continue to match the unemployed with current opportunities and identify the barriers that prevent workers from being hired.”
Employers added +298,700 private sector jobs since job creation returned to Illinois in February 2010. Leading sectors are Professional and Business Services (+127,200); Education and Health Services (+65,800); Trade, Transportation and Utilities (+42,900); and Leisure and Hospitality (+38,500). Government remains the job loss leader, shedding -24,700 positions during the same period.
November job growth was led by Manufacturing (+3,600); Construction (+2,100) and Leisure and Hospitality (+1,900). Retail Trade declined -8,700. In November, the number of unemployed individuals declined -7,900 (1.8 percent) to 421,000. Total unemployed has fallen -332,500 (-44.1 percent) since the unemployment rate peaked at 11.4 percent in January 2010. The labor force grew by +16,500 (0.3 percent) to 6,547,000.
Unemployment data are from a survey of households. Jobs data are from a survey of employers.