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Unemployment rate rose by a tenth of a point in December

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Illinois

* It’s always interesting to watch administration’s spin the monthly unemployment numbers. Gov. Rauner’s administration did its best to point out how bad things were until it was time to run for reelection. Here’s the first IDES press release from the new regime…

The Illinois Department of Employment Security (IDES) announced today that the unemployment rate rose to 4.3 percent in December and nonfarm payrolls increased by +13,600 jobs over-the-month, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The November jobs gain was revised upward from the preliminary report (from +5,900 jobs to +8,000 jobs).

Job growth was stronger during the October to December period posting an average monthly change of +9,500 jobs, an improvement over the prior month when the three-month average change was +5,500 jobs.

“It’s clear there is room to both grow the Illinois economy and create opportunity for working families,” said Deputy Governor Dan Hynes. “That’s why Governor Pritzker has taken action in his first days in office to protect and raise the wages of Illinois workers and strengthen workforce development training in growing industries. The governor looks forward to continuing to work with stakeholders, business leaders, and workers to create jobs statewide and ensure all of our communities can thrive.”

In December, the three industry sectors with the largest over-the-month gains in employment were: Government (+6,300), Leisure and Hospitality (+4,600) and Trade, Transportation and Utilities (+2,800). The industry sectors with payroll declines were: Information (-1,000) Financial Activities (-700) and Construction (-600).

Over-the-year, nonfarm payroll employment increased by +71,000 jobs with the largest gains in these industry sectors in December: Government (+24,700); Education and Health Services (+11,200) and Leisure and Hospitality (+10,200). The industry sectors with over-the-year declines were: Information (-3,900) and Other Services (-300). Illinois nonfarm payrolls were up +1.2 percent over-the-year as compared to the nation’s +1.8 percent over-the-year gain in December.

The state’s unemployment rate is +0.4 percentage points higher than the national unemployment rate reported for December 2018, which rose to 3.9 percent. The Illinois unemployment rate is down -0.6 percentage points from a year ago when it was 4.9 percent.

The number of unemployed workers increased +1.3 percent from the prior month to 277,500 but down -12.2 percent over the same month for the prior year. The labor force was about unchanged over-the-month and over-the-year. The unemployment rate identifies those individuals who are out of work and are seeking employment.

Looks like Deputy Governor Hynes is overseeing IDES, too.

* Also…

Your thoughts on this?

posted by Rich Miller
Thursday, Jan 17, 19 @ 12:17 pm

Comments

Wait…..where’s the bit about “structural reform”?

Comment by Honeybear Thursday, Jan 17, 19 @ 12:25 pm
I’ll miss the optimism of Jeff Mayes /s

Comment by Highland IL Thursday, Jan 17, 19 @ 12:26 pm
“Wait…..where’s the bit about “structural reform”?”

Headed to New Zealand, Italy, or some other undisclosed location.

Comment by Huh? Thursday, Jan 17, 19 @ 12:35 pm
Not bad, still 50% less than national growth rate.

I guess if we adjust for population growth/loss it looks better.

Comment by Anonymous Thursday, Jan 17, 19 @ 1:59 pm
Frankly, when half the country cannot come up with $400 for an emergency we have an income equality problem. Regarding our state, as I have said multiple times, the new cannabis industry will help us immensely.

Comment by Illinois Resident Thursday, Jan 17, 19 @ 2:11 pm