Unemployment rate at 5.3 percent in December
Information provided by the Illinois Department of Employment Security
SPRINGFIELD, Ill. (January 21, 2022) – The Illinois Department of Employment Security (IDES) announced that the unemployment rate fell 0.4 percentage points to 5.3 percent, while nonfarm payrolls increased by 22,800 in December, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The preliminary report for November monthly payrolls was revised from +19,500 to +19,900 jobs. The November unemployment rate was unchanged from the preliminary report, remaining at 5.7 percent.
The December payroll jobs estimate and unemployment rate reflects activity for the week including the 12th. The BLS has published FAQs for the December payroll jobs and the unemployment rate.
In December, the three industry sectors with the largest over-the-month gains in employment were: Professional and Business Services (+9,400), Trade, Transportation and Utilities (+8,500), and Leisure and Hospitality (+2,200). The industry sectors that reported monthly payroll declines were: Financial Activities (-1,800), Educational and Health Services (-300), and Government (-100).
“Today’s data reflects continued encouraging growth across Illinois’ economy,” said Deputy Governor Andy Manar. “Illinois will continue to take collaborative steps to strengthen our workforce and connect workers with employers across the state. IDES encourages job seekers and businesses to utilize tools such as IllinoisJobLink.com, Illinois’ free and accessible job board with over 160,000 available jobs.”
The state’s unemployment rate was +1.4 percentage points higher than the national unemployment rate reported for December, which was 3.9 percent, down -0.3 percentage point from the previous month. The Illinois unemployment rate was down -2.7 percentage points from a year ago when it was at 8.0 percent.
The number of unemployed workers was down from the prior month, a -6.0 percent decrease to 333,100, and was down -32.1 percent over the same month for one year ago. The labor force was up +0.5 percent over-the-month and up +2.0 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.