Illinois’ unemployment spiked for a second straight month in February, hitting 9.5 percent. But state officials say the increase is at least in part to increasing numbers of people who have started looking for work again.
The Illinois Department of Employment Security said the rate sharply rose to 9.5 percent in February from 9 percent in January. National unemployment fell to 7.7 percent in February.
* However, the Illinois Department of Employment Security explains the numbers…
Illinois added 12,400 jobs in February, continuing a three-year pattern of job growth that has intensified in the past seven months. Job growth has encouraged more people to look for work, especially those who gave up during the recession. Their re-entry into the labor force pushed the February unemployment rate to 9.5 percent, according to preliminary data released today by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security (IDES). Data is seasonally adjusted.
“This is the counter-intuitive part of an economic recovery. If job creation is picking up, how can unemployment be picking up as well?” IDES Director Jay Rowell said. “Job growth gives workers who previously gave up their job search hope that they, too, will be hired. As such, they re-energize their work search, jump back into the labor force and push up the unemployment rate.” […]
Illinois businesses are hiring. More than 100,000 help-wanted ads are on Illinoisjoblink.com, the IDES employment website that links job seekers with employers. Keyword matching technology increases the likelihood of a successful new hire and compares favorably to private efforts that cost hundreds of dollars.
* Push for fracking bill delayed by surprise amendment
* Fracking Debate in Carbondale
* Kay’s workers’ comp bills receive testimony, no vote
* Bill to modernize Illinois electric grid heads to Quinn’s desk
* Illinois House passes ComEd’s $70 million annual rate hike
* General Assembly backs Ameren’s bid for new ICC hearing on rate hikes