State unemployment rate unchanged from February - KMSP-TV

State unemployment rate unchanged from February

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CHICAGO (Sun-Times Media Wire) -

 

Illinois' unemployment rate did not change from February to March, remaining at 9.5 percent, according to preliminary data released Thursday by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security.

While the state recorded 17,800 fewer jobs compared to February, it added 36,600 over March 2012, according to IDES, which said that was expected. The data is seasonally adjusted.

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, IDES said.

Illinois has added 218,500 private sector jobs since January 2010 when job growth returned following nearly two years of consecutive monthly declines, according to IDES. Leading growth sectors are Professional and Business Services (+89,300); Education and Health Services (+57,800); and Trade, Transportation and Utilities (+37,000). Government has lost the most jobs since January 2010, down 26,500.

In March 2013, the number of unemployed individuals increased slightly by 1,700 (0.3 percent) to 629,200. Total unemployed in the state has fallen by 123,000 (-16.4 percent) since early 2010 when the state unemployment rate peaked at 11.3 percent for January and February.

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