Good news for the state as the unemployment rate has fallen.
The Illinois Department of Employment Security (IDES) announced today (Thursday) that the state’s unemployment rate fell 3.6 percentage points to 6.8 percent in October. Nonfarm payrolls were nearly unchanged, down just 1,100 jobs for the month, based on preliminary data provided by the U.S. Bureau of Labor Statistics.
The state’s unemployment rate of 6.8 percent was .1 percentage point lower than the national unemployment rate of 6.9 percent.
Compared to a year ago, the Illinois unemployment rate is up 3.1 percentage from October 2019 -- when it was 3.7 percent.
In October, the three industry sectors with the largest over-the-month gains in employment were: Professional and Business Services (+13,800), Construction (+4,200) and Trade, Transportation and Utilities (+2,100). The industry sectors with the largest payroll declines were: Government (-13,500), Educational and Health Services (-6,500) and Information (-1,500).