July 14, 2022  SEONews

Unemployment Claims Continue to Reach Record Lows, Illinois Labor Market Strengthening – EIN News

SPRINGFIELD – The Illinois Department of Employment Security (IDES) announced today the state has reached a new historic low of continued claims for regular state unemployment insurance benefits since the beginning of the series in January 1987. Illinois has remained below the previously recorded low of 70,454 continued claims for ten consecutive weeks. The most recent data reflects claims levels below that threshold to a little more than 65,000 continued claims. The decrease in continued claims is a reflection of pandemic-related economic recovery and signals a strong Illinois labor market. In particular, job growth in the non-durable goods manufacturing, transportation and warehousing, professional and technical services, and business services have exceeded pre-pandemic levels.

In addition to providing unemployment insurance benefits to eligible individuals who have lost work through no fault of their own, IDES provides a robust number of training and employment services to…

Read Full Story: https://www.einnews.com/pr_news/581319397/unemployment-claims-continue-to-reach-record-lows-illinois-labor-market-strengthening

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