CHICAGO – The Illinois Department of Employment Security (IDES) announced on April 18th, 2019 that the unemployment rate has risen +0.1 percent in the month of March. This brings Illinois’ unemployment rate to 4.4 percent. Also, nonfarm payrolls were down -2,800 jobs over the month based on preliminary data from the U.S. Bureau of Labor Statistics (BLS) and released by IDES.
“This administration has begun the hard work of restoring fiscal sanity to our state so that we can build a thriving economy for all Illinoisans,” said Deputy Governor Dan Hynes. “Governor Pritzker laid out a bold agenda that protects working families and makes the long-term investments needed to grow good-paying jobs in this state.”
The state’s unemployment rate is +0.6 percentage points higher than the national unemployment rate reported for March 2019, which remained at 3.8 percent. The Illinois unemployment rate is up +0.1 percentage point from a year ago when it was 4.3 percent.
The number of unemployed workers increased from the prior month, +1.1 percent to 284,400, and was up +1.3 percent over the same month for the prior year. The labor force was about unchanged over-the-month but was up +0.1 percentage point over-the-year. The unemployment rate identifies those individuals who are out of work and are seeking employment.
Average payroll employment growth during the January to March three-month period was +4,400 jobs, with the largest gains in Manufacturing (+1,700), Professional and Business Services (+1,300) and Educational and Health Services (+1,100).
In March, the industry sectors with the largest over-the-month gains in employment were: Manufacturing (+1,400), Financial Activities (+1,400), Leisure and Hospitality (+1,200) and Other Services (+1,200). The industry sectors with the largest payroll declines were: Professional and Business Services (-4,200), Trade, Transportation and Utilities (-3,000) and Construction (-1,600).
Over-the-year, nonfarm payroll employment increased by +47,400 jobs with the largest gains in these industry sectors in March: Education and Health Services (+14,000), Manufacturing (+9,000), and Professional and Business Services (+8,400). The industry sectors with over-the-year declines were: Construction (-4,700), Information (-2,900) and Mining (-200). Illinois nonfarm payrolls were up +0.8 percent over-the-year as compared to the nation’s +1.7 percent over-the-year gain in March.