unemployment rate

The University of Illinois Flash Index measured the state’s economy for April at 104.3, down a tenth of a point from March.  Any number above 100 on the Index represents a growing economy.  Economist Fred Giertz, who compiles the Flash Index, says the last several months of slow growth in the state’s economy are a result of both negatives like the ongoing state budget impasse, and positives like a declining unemployment rate.

  Illinois officials say the state's unemployment rate fell .5 percent to land at 4.9 percent in March.

Flickr Creative Commons/media week

Slightly fewer people were seeking full-time employment last year in the Peoria Metro area as well as statewide. Generally that translates to a lower unemployment rate. But for last-year it only tells half the story.

State officials say the unemployment rate in Illinois held steady at 5.5% in September, and the number of jobs in the state grew.  The Illinois Department of Employment Security, in its monthly unemployment report, says that the state added 7,400 jobs since August and has added 43,400 jobs since September 2015.

The Illinois Department of Employment Security says unemployment rose in January in all but one of the state's metro areas.  The statewide unemployment rate went up to 6.3%.

Jobless numbers throughout Illinois continue to decline. The latest figures from the Illinois Department of Employment Security show the unemployment rate of five point nine percent is about half of what it was at its peak, in 2009.

That could be a sign of a recovery.

But Republican Governor Bruce Rauner says it's the opposite. He says the rate is down because there are fewer jobs, and fewer residents trying to get them.

"We are losing our people, we're losing our jobs. That's gotta change, we need to grow."

The Illinois economy is growing at its strongest level in more than a year, according to the University of Illinois Flash Index.

Illinois unemployment rate dropped in January

Mar 12, 2015

 The state unemployment rate dropped slightly in January compared to the month before. The Department of Employment Security says the jobless rate decreased two-percent from the same time last year.  Leisure and hospitality saw the biggest gains in January, followed by educational and health services. 

Unemployment drops in the Peoria area for November

Dec 24, 2014

The unemployment rate has dropped in each of Illinois's 12 metro areas for the fifth time in the past six months.

The number of U.S. temporary workers is now almost 3 million. That’s the most ever. In Illinois, tens of thousands of temps are working everywhere from offices to warehouses, from hotels to factories.

Flash Index Rises To 106.3 in September

Oct 1, 2014
igpa.uillinois.edu

The Flash Index to the Illinois economy rose to 106.3 in September, up from an even 106.0 the month before.

Economist J. Fred Giertz with the University of Illinois Institute of Government and Public Affairs says the Flash has hovered between 106.0 and 106.8 for the past eight months, reflecting a slower rate of economic growth than many would like.

Unemployment rate drops in Peoria in August

Sep 25, 2014

The percentage of people looking for jobs in the Peoria area continued to decline year over year.

Peoria area unemployment rate drops in July

Aug 21, 2014

The unemployment rate fell in every metro area in the state for the fourth month in a row.

Peoria area unemployment rate increases in June

Jul 25, 2013

Temporary layoffs in the manufacturing sector are taking a toll on the area’s unemployment rate. The Illinois Department of Employment Security reports eight-point-eight percent of people living in the Metropolitan Statistical Area filed unemployment claims in June. That’s up nearly one-percent from the same time last year. It’s also an increase from the rate in May.