* I gave the Illinois Department of Employment Security a bit of a tough time the other day for its rose colored outlook on its unemployment rate press releases. This one is far more straight-forward…
Seven of 12 Metro Areas See Increase in March Local Unemployment
Chicago, Rockford, Kankakee Lead March Job Growth
CHICAGO - March local unemployment rates increased in seven of 12 metro areas, decreased in four, and were unchanged in one compared to last year, according to preliminary data released today by the Illinois Department of Employment Security (IDES). Not seasonally adjusted data compares March 2013 to March 2012.
The largest increases were in: Decatur MSA (+1.4 points to 11.8 percent), Danville MSA (+1.1 point to 10.8 percent), and Peoria MSA (+0.9 point to 8.9 percent). The Chicago-Joliet-Naperville Metropolitan Division was up +0.5 point to 9.5 percent. The largest decreases were Metro East (-0.9 point to 8.9 percent) and Quad Cities (-0.5 point to 7.2 percent).
Not good news, and not sugar-coated.
* The chart…