Greater Peoria’s unemployment rate has dropped below five percent. The Illinois Department of Employment Security’s most recent report shows the metropolitan area’s non-seasonally adjusted unemployment rate is 4.9 percent.
Unemployment within the city of Peoria is 5.6 percent.
The August report estimates 8800 people in the Peoria metropolitan area were without work. Local job sectors with declining employment include leisure and hospitality, educational and health services, government and wholesale trade. Job gains were posted in business and professional services, manufacturing, transportation, warehouse and utilities and retail trade.
IDES Director Jeff Mays says unemployment rates are the lowest recorded in years across much of the state.
The current statewide non-seasonally adjusted unemployment rate is 4.2 percent.