Illinois unemployment rate hits historic low

Emma Edmund, Assistant City Editor

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Illinois hit a 4 percent unemployment rate in August, the state’s lowest monthly unemployment rate, according to the Illinois Department of Employment Security.

The announcement is based on preliminary data from the U.S. Bureau of Labor Statistics. August’s unemployment rate is 0.2 percentage points below July’s rate. Illinois’ unemployment rate, however, is still 0.3 percentage points above August’s national rate.

“We are pleased that Illinois’ unemployment rate is at its lowest level ever and will continue to focus on making sure our economy works for everyone,” said Deputy Governor Dan Hynes in an IDES news release. “This administration prioritized creating an environment where Illinois could create more good jobs that raise wages for working people in this state.”

The state added 65,500 jobs within nonfarm payroll employment, according to IDES. The largest job gains were made in educational and health services; trade, transportation and utilities; and leisure and hospitality. The information and mining industries decreased job numbers compared to last year. 

“During his first few months in office, Governor Pritzker passed a balanced budget and a capital bill that has allowed the state’s business community to thrive,” said Erin Guthrie, acting director of the Department of Commerce and Economic Opportunity, in an IDES news release. 

“Major companies like Amazon and J-Power have doubled down on their commitment to Illinois, creating hundreds of new earning opportunities for Illinoisans across the state and proving that Illinois is a top destination for businesses and workers alike.”

Email: emmaedmund2022@u.northwestern.edu
Twitter: @emmaeedmund

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