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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
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|
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 |
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Trade, Transportation, & Utilities |
1,132,700 |
1,121,100 |
1,169,700 |
11,600 |
-37,000 |
1,126,000 |
2,500 |
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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 |
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Leisure and Hospitality |
510,900 |
506,800 |
523,300 |
4,100 |
-12,400 |
508,500 |
100 |
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Other Services |
253,800 |
252,500 |
260,500 |
1,300 |
-6,700 |
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