Illinois Adds 16,400 Jobs and Rate Falls to 8.7 Percent

CHICAGO – Illinois added +16,400 jobs in November and the unemployment rate fell to 8.7 percent, according to preliminary data released today by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security (IDES). The data is seasonally adjusted. One year ago, the November unemployment rate was 9.8 percent.

“November’s job growth is encouraging because it reinforces the trend of positive economic momentum,” IDES Director Jay Rowell said “The most immediate threat to that momentum is the fiscal cliff. If Congress does not work together to craft a solution, our economic progress will slow and we will risk another recession.”

Illinois added +174,600 private sector jobs since January 2010 when job growth returned to Illinois following nearly two years of consecutive monthly losses. Leading growth sectors are Professional and Business Services (+84,800); Manufacturing (+45,100); and Education and Health Services (+42,000). Government has lost the most jobs since January 2010, down -28,800.

November 2012 job gains were driven by Trade, Transportation and Utilities, Professional and Business Services, and Manufacturing. The latter two industries not only led payroll growth in November, but also were the two strongest contributors to employment growth in 2012 thus far.

In November 2012, the number of unemployed individuals fell -6,600 (-1.1 percent) to 574,600, the 12th monthly decline in 15 months. Total unemployed declined -178,200 (-23.7 percent) since January 2010 when the state unemployment rate peaked at 11.4 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. Historically, the national unemployment rate is lower than the state rate. The state rate has been lower than the national rate only six times since January 2000.

There are 120,000 help-wanted ads on Illinoisjoblink.com, the IDES employment website that links job seekers with employers. This no-cost, career resource allows individuals to create multiple resumes that emphasize different talents and allows businesses to search for specific skills. The keyword matching technology increases the likelihood of a successful new hire. Illinoisjoblink.com emphasizes Illinois jobs, scrapes other job boards, and compares favorably to private efforts that cost hundreds of dollars for a single advertisement. No-cost HR recruitment services are available there and at (877) 342-7533.
 

Seasonally Adjusted Unemployment Rates

Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry

Notes:

• Illinois monthly labor force, unemployed and unemployment rates for years 2007-2011 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 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://www.ides.illinois.gov/Custom/Library/Statistic/CES/I_NSA_CES_Illinois_MSAs_Jobs_2000_to_Current.XLS .
• “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://www.ides.illinois.gov/page.aspx?item=2509 .