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Unemployment rate rises to 5%

"Illinois economy stuck in neutral"

CHICAGO, IL - The unemployment rate in Illinois slightly increased in the month of August.

That's according the State Department of Employment Security.

The unemployment rate rose to 5% last month, while nonfarm payrolls decreased by 3,700 jobs.

August's monthly payroll drop kept over-the-year job growth well below the national average.

While job growth in the state has had its ups and downs, since the beginning of the year, a 3 month trend shows average monthly gains of 1,100 jobs per month from June to July.

A 6 month trend, however, shows a 100 per-month-average job loss from March to August.

"The Illinois economy is stuck in neutral with hardly any growth over the past several months," says IDES Director Jeff Mays. "As a result, this has caused the state to experience a rising unemployment rate over the past 3 months."

"Illinois is working tirelessly to highlight our strongest assets -- our strategic location, and dedicated workforce -- to bring more opportunity, competition and good paying jobs to our state," says Illinois Department of Commerce and Economic Opportunity Director Sean McCarthy. "We need to couple that with lasting reforms and incentives to attract businesses and quality jobs in Illinois."

If you need help finding a job in the state IDES suggests you visit IllinoisJoblink.com.


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