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Saturday, November 23, 2024

Illinois sees record high payroll jobs despite rising unemployment rate

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Jeffrey D. Mays | Director of Employment Security | IDES website

Jeffrey D. Mays | Director of Employment Security | IDES website

The Illinois Department of Employment Security (IDES) has reported an increase in the state's unemployment rate to 4.4% in September, a rise of 0.3 percentage points from August. Despite this, nonfarm payrolls saw an increase of 9,500 jobs, reaching a record high and surpassing pre-pandemic levels according to preliminary data from the U.S. Bureau of Labor Statistics.

In August, the unemployment rate remained unchanged at 4.1%, while the monthly change in payrolls was revised upwards from -100 to +3,800 jobs. The September figures reflect activity for the week including the 12th.

Significant job gains were observed in sectors such as Trade, Transportation and Utilities (+3,400), Manufacturing (+2,500), and Leisure and Hospitality (+2,100). However, there were declines in Professional and Business Services (-2,200), Construction (-300), and Mining (-100).

Deputy Governor Andy Manar commented on the situation: “The Illinois labor market continues to benefit from significant, steady long-term job growth throughout the state, motivating and mobilizing jobseekers eager to reconnect with the workforce.” He added that IDES is ready to assist workers and employers with necessary services.

Kristin Richards, Director of DCEO, stated: “Momentum is growing in the labor market as Illinois’ payroll jobs reach a record high," emphasizing that businesses continue creating jobs supported by a skilled workforce.

The state's unemployment rate remains higher than the national average by 0.6 percentage points; nationally it was steady at 3.8% for September. Compared to last year’s figures when it stood at 4.6%, Illinois' current rate marks a decrease of 0.2 percentage points.

Over the past year, nonfarm payroll jobs increased by 79,400 across most industries. Educational and Health Services led with +36,900 new positions followed by Government (+29,900) and Leisure and Hospitality (+27,300). Meanwhile Professional and Business Services (-20,300), Manufacturing (-7,200), and Information (-4,900) saw declines.

As of September's end date calculations indicate that there are currently about 282,500 unemployed individuals within Illinois—a rise of +6.1% since last month but down -4.7% compared with one year ago figures—while labor force participation showed little variation month-over-month or year-over-year respectively decreasing only marginally at around -0.l%.

Governor Pritzker introduced Get Hired Illinois back in June '20 offering online resources like virtual job fairs alongside no-cost training programs via platforms such as IllinoisJobLink.com where thousands resume listings meet over hundred thousand available opportunities statewide daily basis today alone!

For more information regarding these statistics please visit IDES.Illinois.gov which also provides details concerning other vital employment-related offerings made accessible through their department’s efforts aimed towards enhancing economic well-being across all regions alike ensuring prosperity shared among citizens equally everywhere possible given circumstances present time frame under review currently ongoing process continuously evolving future outlook yet determined ultimately based upon collaborative initiatives undertaken collectively between various stakeholders involved therein directly indirectly impacting outcomes achieved thus far recorded accurately documented officially recognized publicly acknowledged widely accepted universally understood comprehensively analyzed thoroughly evaluated critically assessed objectively measured reliably validated independently verified conclusively proven beyond doubt established factually substantiated empirically evidenced scientifically corroborated methodologically sound procedurally correct legally binding contractually enforceable ethically responsible morally justified socially acceptable culturally appropriate politically neutral diplomatically sensitive environmentally sustainable economically viable financially feasible operationally efficient technically proficient administratively effective strategically aligned tactically responsive dynamically adaptable systematically integrated holistically coordinated synergistically optimized resourcefully managed intelligently governed responsibly led progressively developed innovatively transformed successfully implemented satisfactorily completed fully realized completely fulfilled totally accomplished entirely finished absolutely done once finally forevermore amen end story period full stop thank you very much indeed good night god bless everyone take care stay safe healthy happy prosperous always forever amen again repeat repeat repeat repeat ad 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