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FOR IMMEDIATE RELEASE
March 9, 2010

National Recession Presses State Rate To 11.3 Percent
Up-And-Down Movement In Rate And Job Growth Expected

CHICAGO – The Illinois seasonally adjusted unemployment rate for January 2010 was 11.3 percent, up from the revised December 2009 rate of 11.0 percent, according to data released today by the Illinois Department of Employment Security. The unemployment rate is at its highest level since August 1983.

“Although there are some signs the recession technically might have ended, there continues to be significant job pressures in Illinois and throughout the country,” IDES Director Maureen O’Donnell said. “Economic figures such as job growth and the unemployment rate are only illustrative when looked at in the broad picture of a trend and not a single month.”

Preliminary Illinois data for January reflects job growth. However, January traditionally is a difficult month in which to capture employment data. Further, recent federal changes in data estimation might result in larger monthly fluctuations as the national economy struggles to improve. The three-month moving average of payroll employment in Illinois, a broader view of job creation, still shows job loss. Up-and-down movement in the number of jobs and the percentage of the unemployed are common in a national recession. Since the recession began in December 2007, the nation has lost 8.4 million jobs. Illinois has lost 407,000 jobs.

The national unemployment rate in January was 9.7 percent. It also was 9.7 percent in February. Illinois employment data for February will be released later this month. That is because monthly labor force data is revised each February to meet requirements set by the U.S. Bureau of Labor Statistics. Therefore, previous data, analysis and comments should be discarded because they might no longer be valid. The revisions, combined with benchmarking efforts for that same economic data, delay the January and February jobs and employment reports each year.

The unemployment rate is not the same measurement as those collecting unemployment benefits. The unemployment rate identifies those who are out of work and seeking employment, regardless if they are eligible for unemployment insurance. Workers collecting benefits are counted separately. Therefore, a person who exhausts or is ineligible for unemployment insurance 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

 

January
2010

December
2009

January
2009

3-Month
Moving Avg.

Illinois

11.3%

11.0%*

8.1%*

11.1%

U.S.

9.7%

10.0%

7.7%*

9.9%

*  Revised

 

 

Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry

Industry Title

January
2010*

December
2009**

January
2009**

Over the Month Change

Over the Year
Change

3-Month

Moving Avg.

Change from

Previous
3-Month

Mov. Avg.

 

 

 

 

 

 

 

 

Total Nonfarm     

5,584,200

5,558,200

5,803,900

26,000

-219,700

5,574,300

-4,300

Mining

9,300

9,300

9,700

0

-400

9,400

0

Construction     

201,400

202,300

236,500

-900

-35,100

203,800

-4,500

Manufacturing    

555,100

554,100

619,900

1,000

-64,800

555,700

-1,500

Trade, Transportation, & Utilities

1,132,700

1,121,100

1,169,700

11,600

-37,000

1,126,000

2,500

Information      

104,000

103,500

110,400

500

-6,400

103,600

0

Financial Activities

366,200

365,500

381,700

700

-15,500

365,900

-200

Professional and Business Services

770,700

767,900

824,000

2,800

-53,300

769,600

200

Educational and Health Services

824,900

820,800

811,700

4,100

13,200

822,800

1,200

Leisure and Hospitality

510,900

506,800

523,300

4,100

-12,400

508,500

100

Other Services   

253,800

252,500

260,500

1,300

-6,700



###

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