Illinois Jobs, Unemployment

Slight increase in Illinois unemployment rate for October 2018. Illinois’ unemployment rate moved up from 4.1% in September 2018 to 4.2% in October. Illinois unemployment continued to be slightly higher than the 3.7% nationwide rate for the same month, indicating slightly slower economic conditions in the Prairie State than the rest of the U.S.

Illinois’ total payroll numbers continued to increase. The count of seasonally-adjusted Illinois nonfarm payroll jobs increased to 6,134,000 in October 2018, up 10,300 jobs from the previous month and up 59,300 jobs from one year earlier. Job growth was especially strong in trade, transportation, utilities, information, and manufacturing. The October 2018 report, by showing both more jobs and higher unemployment, demonstrate that marginal workers are once again returning to the Illinois labor force. A person who is actively seeking work is counted as “unemployed,” even if he or she is in the labor force for the first time or is returning to the labor force after having voluntarily left on a previous date.

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