Unemployment rates decreased from August 2017-August 2018 in thirteen of Illinois’s metropolitan areas, including Peoria and Bloomington, and was unchanged in one.
According to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES), data also show nonfarm jobs increased in ten of the metropolitan areas.
“The unemployment rate continued its downward trend in all metro areas except one where it was unchanged,” said IDES Director Jeff Mays. “These are some of the lowest unemployment rates we have seen in years. In fact, for the sixth consecutive month, the Chicago metro area had its lowest unemployment rate on record.”
Unemployment fell from 4.2 to 4.1 percent in Bloomington, and from 5.4 to 4.9 percent in Peoria.
Illinois businesses added jobs in ten metro areas, with the largest increases in Kankakee (+6.2 percent, +2,900), Champaign-Urbana (+1.6 percent, +1,700), the Quad Cities (+1.1 percent, + 2,100) and Rockford (+1.1 percent, +1,600).
Total nonfarm jobs in the Chicago-Naperville-Arlington Heights Metro Division increased (+0.8 percent or +28,400). Illinois businesses lost jobs in three metro areas: Carbondale-Marion (-0.9 percent, -500), Springfield (-0.3 percent, -400), and Bloomington (-0.2 percent, -200). Total nonfarm jobs were unchanged in Peoria.
The industry sectors recording job growth in the majority of metro areas included Mining and Construction (10 of 14), Manufacturing (10 of 14), Transportation, Warehousing and Utilities (10 of 14), Professional and Business Services (10 of 14), Leisure and Hospitality (9 of 14) and Education and Health Services (8 of 14).