The Illinois Department of Employment Security has announced that the state’s unemployment rate in September declined to 5.4 percent. This is the fourth consecutive month that the unemployment rate has improved, keeping Illinois below the national average. Based on the slower path recorded this year, IDES analysts anticipate that Illinois employment will not recover from the 2007-2009 recession until April 2017. The nation is currently 2.9 percent above its prior peak level of employment.
“Illinois businesses have added only 2,200 new jobs since the beginning of this year,” said Jeff Mays, Director, IDES. “It’s been six years since the recession and job growth is still dismal. We’ve got a long way to go before Illinois realizes real employment and economic recovery.”
In September, the three industry sectors with the largest gains in employment were: Government, Education and Health Care, and Other Services. The three industry sectors with the largest declines in employment were Trade, Transportation and Utilities, Leisure and Hospitality, and Manufacturing.