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Illinois unemployment rate declines to 12-year low as of April

Illinois unemployment rate declines to 12-year low as of April. (MGN Online)

The Illinois Department of Employment Security (IDES) announced Thursday the state's unemployment rate has decreased by a 0.2 percentage point to a 4.4 percent in April.

Non-farm payrolls have also increased by 4,700 jobs over the month, based on data provided by the U.S. Bureau of Labor Statistics.

Job growth improved in the February to April period, with average monthly gains of 7,500 jobs - an increase over the prior three-month period (November 2017 to January 2018) with average monthly gains of 1,700 jobs.

“Illinois’ unemployment rate decreased for the fourth month in-a-row to its lowest level since 2006,” said IDES Director Jeff Mays. “At the same time, online job postings on IllinoisJoblink are up nearly 8 percent from a year ago, so job opportunities have improved.”

In April, the three industry sectors with the largest gains in employment were: professional and business services with 2,700 jobs; manufacturing with 1,600 jobs and leisure and hospitality with 1,300 jobs.

The industry sector with the largest payroll decline was government, which lost 1,900 jobs.

The state’s unemployment rate is currently set at 0.5 percentage points higher than the national unemployment rate reported for April 2018, which dropped to 3.9 percent.

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