The latest employment data is out for the state of Illinois. From an Illinois Department of Employment Security news release yesterday:
The March unemployment rate was 9.5 percent, unchanged from February, according to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES). As expected, Illinois recorded -17,800 fewer jobs compared to February even as it added +36,600 over March 2012. The data is seasonally adjusted.
“Illinois employers were expected to report fewer positions in March. Economic uncertainty nationally and abroad dampened our country’s job growth. When that happens, Illinois’ share tends to be a negative number,” IDES Director Jay Rowell said. “Monthly snapshots capture a moment in time. When those moments are evaluated together, we see progress away from a global recession and through a stubborn economic growth cycle marked by volatile swings in monthly data here and across our country.”
The three-month moving average of job growth, a data point that smoothes monthly volatility and unpredictable or one time events, shows +1,100 jobs added each month so far this year.
When I crunch IDES employment numbers for all of 2013, a less rosy picture emerges. Using data from their news releases:
Employers added 7,100 jobs
Number of unemployed individuals increased 22,900 (+4.0 percent) to 594,800
Employers added 12,400 jobs
Number of unemployed individuals increased 34,900 (+5.9 percent) to 629,400
Employers shed 17,800 jobs
Number of unemployed individuals increased 1,700 (+0.3 percent) to 629,200
(Editor’s note: Is it just me or do some of the above numbers not jive? Oh well, that’s IDES’s deal. I’m just crunching the numbers they provided.)
In the first quarter of 2013, Illinois employers added a total of 1,700 jobs.
At the same time, the number of unemployed individuals increased 59,500.
Which, if my math is correct, leaves the state with 57,800 more unemployed individuals than there were jobs created in the first quarter of this year.
If you’re looking for a job/looking to change jobs here in the “Land of Lincoln,” you might want to ramp up your efforts if you aren’t doing so already.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
No comments yet.
Leave a comment
Christopher E. Hill, Editor
11,976 Visits in June
454,328 Visits from
Please Rate this Blog HERE
- Final Vote Next Tuesday On Niles, Illinois, Gun Store And Range
- Does Robert Shiller See ‘Froth’ In U.S. Housing And Stocks?
- USGS Updates National Seismic Hazard Maps
- Downtown Chicago Could Receive Resilient Electric Grid
- Peter Schiff On Gold: ‘We’re Going To Have A Big Rally Probably Beginning Here In The Second Half Of 2014’
- Detroit Police Chief: ‘Good Detroiters Are Armed And Will Use That Weapon’
- Chicago Train Passengers Robbed At Gunpoint
- Jim Rogers: Some Currencies, Real Assets Could Shine When Coming Bust Arrives
- Illinois Governor Pushes Ban On ‘Assault Weapons,’ ‘High-Capacity’ Ammo Magazines
- Chicago’s Gun ‘Control’ Fetish Costing City Big Bucks
- Editor on 82 Shot, 14 Killed In Chicago Over Long July 4 Weekend
- Derek @ MoneyAhoy.com on 82 Shot, 14 Killed In Chicago Over Long July 4 Weekend
- Editor on Dick Cheney Warns Of Massive Terrorist Attack On U.S. Before Decade Is Out
- tj & the bear on Dick Cheney Warns Of Massive Terrorist Attack On U.S. Before Decade Is Out
- Editor on U.S. Senator Michelle Obama (D-IL)?
- Bill Taylor on U.S. Senator Michelle Obama (D-IL)?
- Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | All Self-Sustained on The Percentage Of Adult Americans That Own Investment Gold Is…
- Editor on Deadly MERS Virus Lands In Chicago, Discovered In Indiana
- Editor on Video: SHTF In Venezuela
- tj & the bear on Deadly MERS Virus Lands In Chicago, Discovered In Indiana