8/16/2019 10:45:00 AM Illinois payrolls hold steady in July Unemployment Rate Drops to 4.2 Percent
CHICAGO — The Illinois Department of Employment Security (IDES) announced today that nonfarm payrolls were about unchanged over-the-month, down -400 jobs, and the unemployment rate was 4.2 percent in July, down -0.1 percentage point from the prior month, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The June jobs increase was revised from the preliminary report (from +11,400 to +7,600 jobs).
Illinois payroll employment has shown variability since the beginning of the year, as have National payrolls. Average payroll employment growth in Illinois during the May to July three-month period, which provides a more stable measure of payroll employment change, was +3,100 jobs, with the largest gains in Leisure and Hospitality (+3,300), Educational and Health Services (+1,400) and Government (+700).
"This administration has been hard at work supporting our state's recent strong job growth with policies aimed at raising wages for workers while investing in education and workforce development," said Deputy Governor Dan Hynes. "Governor Pritzker recently signed a bipartisan budget and capital bill that restores fiscal responsibility to state government and makes the critical investments in our roads and bridges to ensure Illinois is well positioned for continued economic growth."
"Illinois is home to an innovative business community and a talented workforce comprised of the hardest working people in the country. By signing legislation like the apprenticeship tax credit and the data center tax incentive, Governor Pritzker is laying the groundwork for continued job growth across the state," said Erin Guthrie, Acting Director of the Department of Commerce and Economic Opportunity.
Over-the-year, nonfarm payroll employment increased by +62,700 jobs with the largest gains in these industry sectors in July: Leisure and Hospitality (+22,100) and Educational and Health Services (+18,500) and Professional and Business Services (+8,400). The industry sectors with over-the-year declines were: Information (-5,200), Construction (-900) and Mining (-500). Illinois nonfarm payrolls were up +1.0 percent over-the-year as compared to the nation's +1.5 percent over-the-year gain in July.
The state's unemployment rate is +0.5 percentage points higher than the national unemployment rate reported for July 2019, which was 3.7 percent and unchanged from the previous month. The Illinois unemployment rate was unchanged from a year ago when it was 4.2 percent.
The number of unemployed workers decreased from the prior month, -1.7 percent to 272,600, and was down -0.7 percent over the same month for the prior year. The labor force was up +0.1 percentage point over-the-month and +0.6 percentage point over-the-year. The unemployment rate identifies those individuals who are out of work and are seeking employment.
An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work. To help connect jobseekers to employers who are hiring, IDES' maintains the state's largest job search engine, IllinoisJoblink.com (IJL), which recently showed 60,334 posted resumes with 97,910 jobs available.