November unemployment rate down, jobs up around state

Published: Dec. 16, 2021 at 12:59 PM CST
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(25 NEWS) - November’s unemployment rate has fallen 0.3 percentage points to 5.7%, according to the Illinois Department of Employment Security.

This is according to a release and preliminary data from the U.S. Bureau of Labor Statistics, which also shows nonfarm payrolls increased by 19,500.

October’s preliminary numbers were revised -- jobs went from 40,900 to 42,000 while the rate remained unchanged at 6%.

In November, the three industry sectors with the largest over-the-month gains in employment were: Leisure and Hospitality (+8,200), Trade, Transportation and Utilities (+8,200), and Construction (+3,800). The industry sectors that reported monthly payroll declines were: Professional and Business Services (-5,500), Other Services (-200), and Mining (-100).

The state’s unemployment rate was 1.5 percentage points higher than the national unemployment rate reported for November, which was 4.2 percent, down 0.4 percentage point from the previous month.

The Illinois unemployment rate was down -2.4 percentage points from a year ago when it was at 8.1 percent.

Compared to a year ago, nonfarm payroll employment increased by +230,200 jobs, with gains across nearly all major industries. The industry groups with the largest jobs increases were: Leisure and Hospitality (+94,200), Trade, Transportation and Utilities (+41,600), and Professional and Business Services (+31,600).  Financial Activities (-1,100) was the only industry group that reported jobs losses. In November, total nonfarm payrolls were up +4.1 percent over-the-year in both Illinois and in the nation.

The number of unemployed workers was down from the prior month, a -4.4 percent decrease to 354,200, and was down -29.0 percent over the same month for one year ago. The labor force was up +0.3 percent over-the-month and up +1.3 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.

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