July 22, 2022  SEONews

Statewide Unemployment Rate Reaches Lowest Point Since Pandemic’s Start | News# – WGEL

The Illinois Department of Employment Security (IDES) announced today that the unemployment rate fell -0.1 percentage point to 4.5 percent, the lowest the rate has been since the start of the Covid-19 pandemic in March 2020, and nonfarm payrolls increased by +18,800 in June, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The May monthly change in payrolls was revised from the preliminary report, from +12,800 to +13,400 jobs. The May unemployment rate was unchanged from the preliminary report, remaining at 4.6 percent. The June payroll jobs estimate and unemployment rate reflect activity for the week including the 12th.

In June, the industry sectors with the largest over-the-month gains in employment included: Leisure and Hospitality (+9,900), Professional and Business Services (+3,100), Construction (+2,000) and Educational and Health Services (+2,000). The industry sectors that reported monthly payroll declines included:…

Read Full Story: https://wgel.com/news/2022/07/statewide-unemployment-rate-reaches-lowest-point-since-pandemics-start/

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