Unemployment rate at 6.9% in November
Information provided by the Illinois Department of Employment Security
SPRINGFIELD, Ill. (December 17, 2020) – The Illinois Department of Employment Security (IDES) announced that the unemployment rate fell -0.5 percentage point to 6.9 percent, while nonfarm payrolls lost -20,000 jobs in November, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The October monthly change in payrolls was revised from the preliminary report, from -1,100 to +7,000 jobs. The October unemployment rate was revised upward from the preliminary report, from 6.8 percent to 7.4 percent.
The November payroll jobs estimate and unemployment rate reflects activity for the week including the 12th. The BLS has published FAQs for the November payroll jobs and the unemployment rate.
The state’s unemployment rate was +0.2 percentage point higher than the national unemployment rate reported for November, which was 6.7 percent, down -0.2 percentage point from the previous month. The Illinois unemployment rate was up +3.2 percentage points from a year ago when it was 3.7 percent.
In November, the three industry sectors with the largest over-the-month gains in employment were: Trade, Transportation and Utilities (+6,500), Professional and Business Services (+5,300) and Construction (+2,300). The industry sectors that reported the largest payroll declines were: Leisure and Hospitality (-27,400), Manufacturing (-2,900) and Educational and Health Services (-2,000).
“IDES and the Governor’s Office remain dedicated to supporting claimants and their families, as we continue working to strengthen the state’s economy,” said Deputy Governor Dan Hynes. “With critical federal programs set to expire after the week ending December 26th, IDES is working quickly to inform claimants about these impending changes. The department and the Pritzker administration are advocating for continuity at the federal level to support claimants, as we work towards a full recovery from the pandemic’s economic impact on Illinois workers.”
Compared to a year ago, nonfarm payroll employment decreased by -412,600 jobs, with losses across all major industries. The industry groups with the largest jobs decreases were: Leisure and Hospitality (-153,900), Educational and Health Services
The number of unemployed workers decreased from the prior month, a -8.7 percent decline to 425,900 but was up +80.8 percent over the same month for the prior year. The labor force was down -2.4 percent over-the-month and down -4.6 percent over-the-year. The unemployment rate identifies those individuals who are out of work and seeking employment. An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work.
In May, Governor Pritzker launched Get Hired Illinois, a website to help connect job seekers with hiring employers in real time. The site features virtual job fairs, no-cost virtual training, and includes Illinois Job Link (IJL), the state’s largest job search engine, which recently showed 49,114 posted resumes with 87,490 available jobs.
IL unemployment declines in October (November 22, 2020)