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Rock Island Today

Wednesday, December 11, 2024

Illinois unemployment steady at 5.3% as payroll growth stalls

Figures from the Department of Employment Security indicate that Illinois' unemployment rate remained unchanged at 5.3% in October, while the national unemployment rate is 4.2%.

The state currently has 6,142,400 non-agricultural workers employed, but payroll growth has stagnated. Job gains were observed in sectors such as health care, which increased by 30,400 jobs, and government, which added 22,300 positions. Conversely, job losses occurred in professional and business services with a decrease of 18,400 jobs and financial services losing 8,000 positions.

Unemployment rates are highest in Illinois regions dependent on manufacturing. Danville reported the state's highest unemployment rate at 6.2%, followed by Decatur at 5.8%, and Rockford at 5.4%.

The current unemployment rate of 5.3% marks an increase from last year's figure of 4.8%.

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