The Illinois Department of Employment Security (IDES) announced that the unemployment rate increased +0.1 percentage point to 4.6 percent, while nonfarm payrolls increased by +3,600 in October, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES.
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The September monthly change in payrolls was revised from the preliminary report, from +14,500 to +14,100 jobs. The September unemployment rate was unchanged from the preliminary report, remaining at 4.5 percent.
The October payroll jobs estimate and unemployment rate reflect activity for the week including the 12th.
In October, the industry sectors with the largest over-the-month gains in employment include: Trade, Transportation and Utilities (+2,800), Leisure and Hospitality (+2,300), Manufacturing (+1,800), and Professional and Business Services (+1,800).
The industry sectors that reported monthly payroll declines included: Government (-8,100) and Information (-100).
"Job growth throughout the state has remained strong for nearly a year and a half, and the most recent data is evidence that workers are engaged in the growing labor market," said Deputy Governor Andy Manar.
"IDES is committed to providing jobseekers and employers with the resources necessary to take advantage of the many newly created jobs across industries."
"Over the past year, Illinois has continued to exhibit positive long-term employment trends, with considerable improvement in the state's unemployment rate, and the addition of nearly 192,000 new jobs," said DCEO Director Sylvia I. Garcia.
"DCEO continues to support economic recovery throughout the state through marquee economic development programs that attract job creators, help Illinois businesses grow, and support job-seekers through statewide resources and programs."
The state's unemployment rate was +0.9 percentage point higher than the national unemployment rate reported for October, which was 3.7 percent, up +0.2 percentage point from the previous month.
The Illinois unemployment rate was down -0.7 percentage point from a year ago when it was at 5.3 percent.
Compared to a year ago, nonfarm payroll employment increased by +191,900 jobs, with gains across nearly all major industries.
The industry groups with the largest jobs increases include: Trade, Transportation and Utilities (+46,400), Leisure and Hospitality (+43,700), and Professional and Business Services (+35,500). The Mining sector reported a small decrease in payroll employment (-200).
In October, total nonfarm payrolls were up +3.3 percent over-the-year in Illinois and up +3.6 percent in the nation.
The number of unemployed workers rose from the prior month, a +2.6 percent increase to 298,200 and was down -10.9 percent over the same month one year ago. The labor force was down slightly (-0.2 percent) over-the-month and up +1.5 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. ■