Illinois Jobless Rate At 7.5 Percent - News and Weather For The Quad Cities -

Illinois Jobless Rate At 7.5 Percent

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The unemployment rate in the State of Illinois has fallen to the lowest level since November of 2008. The Illinois Department of Employment Security reports the jobless rate was 7.5 percent in May, marking three months of improvement in the job market. The May rate is also the largest two-month drop since this data series began 38 years ago in 1976.

The state says the unemployment rate is in line with other economic indicators. First time jobless claims have been trending lower for the past four years and in May, were 25.5 percent lower than one year ago. Numbers from the independent Conference Board's Help Wanted OnLine Survey show Illinois employers in May advertised for more than 203,000 jobs (192,500 seasonally adjusted) and 85 percent sought full-time work.

Employers added +242,700 private sector jobs since job creation returned to Illinois. Leading sectors are Professional and Business Services Education and Health Services and Leisure and Hospitality. Government continues to lead job loss. The state unemployment rate peaked at 11.4 percent.

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