State Jobless Rate for June at 4%

 

The Illinois Department of Employment Security (IDES) says the unemployment rate is down -0.1 percentage point to 4.0 percent in June, the fourth consecutive monthly decline. Nonfarm payrolls increased by +8,400 in June. Both estimates are based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The May revised unemployment rate was 4.1 percent, unchanged from the preliminary May unemployment rate. The May monthly change in payrolls was revised from the preliminary report, from +2,500 to +5,400 jobs. The June unemployment rate and payroll jobs estimate reflect activity for the week including the 12th.

 

In June, the industry sectors with the largest over-the-month job gains included: Educational and Health Services (+5,300), Construction (+2,900), Leisure and Hospitality (+2,900), and Government (+2,900). The industry sectors with monthly payroll job declines included: Professional and Business Services (-5,400), Manufacturing (-2,100), and Trade, Transportation and Utilities (-2,000).

 

“With six consecutive months of continued gains in payroll jobs, nine consecutive months of an unchanged or decreased statewide unemployment rate, and the lowest the statewide rate has been since the onset of the pandemic, today’s data is clear evidence of success in Illinois’ road to economic recovery and stability,” said Deputy Governor Andy Manar. “Through continued efforts to prioritize investments in workforce development, jobseekers and employers have access to the tools needed to take advantage of the expanding labor market and showcase their talents throughout the state.”

 

The state’s unemployment rate was +0.4 percentage point higher than the national unemployment rate reported for June, tied with May for the smallest difference since February 2020 (pre-pandemic). The national unemployment rate was 3.6 percent in June, down -0.1 percentage point from the previous month. The Illinois unemployment rate was down -0.4 percentage point from a year ago when it was at 4.4 percent.

 

Compared to a year ago, nonfarm payroll jobs increased by +121,100 jobs, with gains across most major industries. The industry groups with the largest jobs increases included: Educational and Health Services (+42,400), Leisure and Hospitality (+33,800) and Government (+31,200). Professional and Business Services (-8,400), Information (-4,200) and Manufacturing (-1,400) reported declines in payroll jobs. In June, total nonfarm payrolls were up +2.0 percent over-the-year in Illinois and up +2.5 percent in the nation.